alleryStart learning →An indirect acquisition is treated as direct if the target's share of the acquired entity exceeds what?
A50 per cent
B60 per cent
C90 per cent
D80 per cent
Answer & Solution
Correct answer: D. 80 per cent
Regulation 5(2) regards an indirect acquisition as direct when net asset value, turnover or market capitalisation share of the target exceeds eighty per cent.
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