Creeping acquisition cap doubled to 10%
Mumbai: The Securities and Exchange Board of India (SEBI) on Friday cleared a proposal to allow promoters of companies to acquire up to 10 cent of a companys equity in a year through the creeping acquisition route.
The new creeping acquisition limit of 10 per cent will be applicable only till March 2002.

The proposal received unanimous endorsement from the Sebi board members.
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