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Sebi probing Luxottica deal
Mumbai: Italian eyeware giant Luxottica Group SpA's indirect acquisition of a stake in RayBan Sun Optics India in 1999 is being probed by the Sebi for a possible breach of the takeover code. RayBan Sun Optics said it had responded to Sebi's queries and had not heard anything further.

Sebi may take action against Luxottica for failing to make an open offer to buy a further 20 percent from public shareholders after it gained a 44 percent stake in RayBan through its 1999 takeover of Bausch & Lomb of the United States.
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Sebi to decide on M&A rules
Mumbai: Securities & Exchange Board of India (Sebi) is likely to take a decision on making mandatory shareholders approval for mergers and acquisitions.The regulatory body is considering placing Indian and foreign companies on par as far as mergers and acquisitions (M&A) are concerned.
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domain - B : Indian business : News Review : 29 Nov 2001 : people