Scenario: Board of Directors v. Corporate Raider

Imagine a situation where XYZ Inc. (a listed company) is facing a hostile takeover attempt by a corporate raider, who has been quietly building a stake in the company for months. The corporate raider, a sly businessman, has been buying shares in the open market and now owns a significant portion of the company's outstanding stock.

The board of directors of XYZ Inc. is divided, and some members are in cahoots with the corporate raider. However, the majority of the directors are opposed to the takeover and want to protect the interests of the company and its existing shareholders.

What would be the legal implications of the corporate raider's actions under the provisions of the Companies Act, 2013? Would the board of directors be able to use any specific provisions to block the takeover?