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A) In an open offer following a hostile bid, the acquirer increases the offer price suo moto before there is a counter-offer by the existing promoters

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A) In an open offer following a hostile bid, the acquirer increases the offer price suo moto before there is a counter-offer by the existing promoters. Such an increase is invalid under the Code.

(a) True      (b) False

B)  In an open offer, if the acquirer makes a conditional voluntary offer to acquire a 30%. If the response to the offer is to the extent of 14%, the offer is deemed to have failed and all the money collected is to be refunded.

(a) Yes    (b) No