The SEC Division of Corporation Finance granted exemptive relief to Mphasis Limited, an Indian company, from Exchange Act Rules 14e-1(a) and (c) ("Unlawful Tender Offer Practices"). The exemption will permit Mphasis Limited to (i) keep its tender offer open for a ten-working-day offer period and (ii) pay for tendered shares within seven working days after the closing of the tender offer, in accordance with Indian law.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
