The Securities and Exchange Board of India, or Sebi, is ready to reveal fresh rules on capturing of public listed company based on the suggestions of a committee which is headed by C Achuthan, otherwise shall stop short of applying the main offer that envision a compulsory open offer for 100% of the equity of a firm by an acquirer.

On Monday according to a senior official the Sebi board is scheduled to discuss the repair of the takeover rules, particularly a boost in the edge for triggering initial offers to 25% by 15% and done away with the idea of a non-compete fee to supporters.

Though, believing the resistance by industry bodies or pushing the arms of corporate, merchant bankers, corporate lawyers and fund managers, the capital market controller shall have to adopt a harsh look at the offer that crafts it compulsory on all the acquirers to purchase out 100% of the equity of a target firm.

This official expressed that the load of the remarks that it has acknowledged by industries in addition to capital market mediators, comprising merchant bankers, linked to this offer.