a. understandably, high profile business barons have begun lobbying for a change in SEBI’s takeover code.b. This flies in the face of the logic.c. Promoters are not required to hold 100 percent equity in a company to control it.d. One of the suggestions is that raiders should be asked to make an open offer for 100 percent of the target’s equity, not just 20 percent.e. Why should raiders be asked to do so?f. Besides, it would become prohibitively expensive for potential predators to dislodge managements, regardless of their performance, and be a body blow to shareholders democracy.