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of <h1>Regulation 10 requires public announcement for acquiring 15% or more shares; amended in 1998 to raise threshold.</h1> Regulation 10 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, mandates that any acquirer intending to acquire 15% or more of a company's shares or voting rights must make a public announcement to acquire shares in compliance with the regulations. The regulation, amended in 1998, raised the threshold from 10% to 15%. Provisions limiting acquisitions beyond 55% through market purchases or preferential allotments were omitted in 2006, previously requiring disinvestment of excess shares and potential regulatory action for non-compliance.
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