DISCLOSURES OF SHAREHOLDING AND CONTROL IN A LISTED COMPANY - Securities And Exchange Board of India(Substantial Acquisition of Shares And Takeovers) Regulations, 1997
DISCLOSURES OF SHAREHOLDING AND CONTROL IN A LISTED COMPANY - Securities And Exchange Board of India(Substantial Acquisition of Shares And Takeovers) Regulations, 1997
Regulation 7 - Acquisition of 5 per cent and more shares or voting rights of a company.
Securities And Exchange Board of India(Substantial Acquisition of Shares And Takeovers) Regulations, 1997 Chapter II DISCLOSURES OF SHAREHOLDING AND CONTROL IN A LISTED COMPANY
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Disclosure of Substantial Shareholding required within prescribed period for acquisitions and pledges to listed companies and exchanges. Acquirers who cross specified substantial shareholding or voting rights thresholds must disclose aggregate holdings to the target company and listing ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Disclosure of Substantial Shareholding required within prescribed period for acquisitions and pledges to listed companies and exchanges.
Acquirers who cross specified substantial shareholding or voting rights thresholds must disclose aggregate holdings to the target company and listing stock exchanges within the prescribed short period; pledgees (except banks or financial institutions) must disclose creation of pledges. Stock exchanges must immediately display such information on trading screens, notice boards and websites, and the target company must, after receiving information, disclose aggregate shareholdings to all exchanges within the specified period to ensure transparency of changes in substantial shareholding and control.
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