Public offer disclosure requirements mandate detailed takeover information to enable informed shareholder decisions. Regulation 16 requires that a public announcement for substantial acquisition disclose the target company's capital and share composition; the shares proposed to be acquired and the minimum offer price; mode of payment; identity and existing holdings of the acquirer and persons acting in concert; merchant banker shareholding; salient terms of acquisition agreements; prior acquisition prices; whether a minimum acceptance is required; the acquirer's object and future plans including any proposal to dispose of or encumber substantial assets subject to shareholder approval; timetable specifics; confirmation of firm financial arrangements and required statutory and banking approvals.