Chapter III - SUBSTANTIAL ACQUISITION OF SHARES OR VOTING RIGHTS IN AND ACQUISITION OF CONROL OVER A LISTED COMPANY (From Regulation 10 to Regulation 29A)
Regulation 20A - Acquisition price under creeping acquisition.
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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Creeping acquisition price cap bars post-offer purchases above the offer price during the prescribed period; exchange trades exempt. Regulation 20A prohibits an acquirer who has made a public offer from acquiring further shares at a price higher than the offer price for the specified post-offer period, but exempts acquisitions made through stock exchanges; this price cap on creeping acquisition was inserted by the 2002 amendment to the Takeover Regulations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Creeping acquisition price cap bars post-offer purchases above the offer price during the prescribed period; exchange trades exempt.
Regulation 20A prohibits an acquirer who has made a public offer from acquiring further shares at a price higher than the offer price for the specified post-offer period, but exempts acquisitions made through stock exchanges; this price cap on creeping acquisition was inserted by the 2002 amendment to the Takeover Regulations.
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