Corporate Law Chambers secure SAT order for Zenotech Promoters

Bar & Bench October 8 2009

The Securities Appellate Tribunal (SAT) passed an order on Wednesday asking Daiichi Sankyo to increase its open offer price on Zenotech shares to Rs. 160 per share. Daiichi has been fighting a legal battle since January 2009 against Zenotech's shareholders.

The Securities Appellate Tribunal (SAT) passed an order on Wednesday asking Daichii Sankyo to increase its open offer price on Zenotech shares to Rs. 160 per share. Daiichi has been fighting a legal battle since January 2009 against Zenotech's shareholders.

In October 2007, Ranbaxy Laboratories acquired a 44.59 percent stake in Zenotech, which triggered the Takeover Code . . .

This content is restricted to subscribers