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of <h1>Regulation 11 Limits Share Acquisition: Public Announcement Needed for Holdings Over 15% and 5% Annual Increase</h1> Regulation 11 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, addresses the consolidation of holdings in a listed company. It restricts an acquirer, along with persons acting in concert, from acquiring additional shares or voting rights beyond specified thresholds without making a public announcement. If an acquirer holds 15% to 55% of shares, they cannot acquire more than 5% additional voting rights in a financial year without a public announcement. For holdings between 55% and 75%, further acquisition requires a public announcement unless certain conditions are met, such as maintaining public shareholding above the minimum level.
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