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 10 - Acquisition of fifteen per cent or more of the shares or voting rights of any company.
Securities And Exchange Board of India(Substantial Acquisition of Shares And Takeovers) Regulations, 1997 Chapter III SUBSTANTIAL ACQUISITION OF SHARES OR VOTING RIGHTS IN AND ACQUISITION OF CONROL OVER A LISTED COMPANY
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Substantial acquisition of voting rights triggers a mandatory public announcement requirement before the acquisition. Regulation 10 requires that no acquirer, alone or together with persons acting in concert, shall acquire shares or voting rights that entitle the acquirer ... Summary
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Substantial acquisition of voting rights triggers a mandatory public announcement requirement before the acquisition.
Regulation 10 requires that no acquirer, alone or together with persons acting in concert, shall acquire shares or voting rights that entitle the acquirer to exercise fifteen per cent or more of the voting rights in a listed company unless the acquirer first makes a public announcement to acquire shares of that company in accordance with the Regulations.
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