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<h1>SEBI Regulations: Public Offer Announcement Required Within Four Working Days for Share Acquisitions or Control Changes.</h1> The Securities and Exchange Board of India (SEBI) regulations mandate that a public announcement of an offer must be made by a merchant banker within four working days of entering into an agreement for acquiring shares or voting rights exceeding specified percentages. In disinvestment cases involving public sector undertakings, the announcement must occur within four working days of executing agreements with the government. For securities like Global or American Depository Receipts, the announcement is required within four working days before acquiring voting rights. Indirect acquisitions or control changes necessitate a public announcement within three months of consummation.