Acquirer
Also written SAST · Acquirer (SAST)
Any person who, directly or indirectly, acquires or agrees to acquire — by himself, through, or with persons acting in concert — shares or voting rights in, or control over a target company.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
- ControlIn the beneficial-ownership tests, the right to appoint a majority of directors or to control management or policy decisions — the limb that catches an owner holding no shares at all.
- Escrow accountThe security an acquirer must deposit before a takeover open offer — 25% of the first Rs 500 crore of consideration plus 10% of the balance — so that the money to pay tendering shareholders is ring-fenced.
Where this is taught
Free preparation for NISM Series IX← All terms