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<h1>SEBI Amends Takeover Regulations 2011: New Rules for Share Buy-Backs, Preferential Issues, and Disclosure Requirements.</h1> The Securities and Exchange Board of India (SEBI) introduced amendments to the Substantial Acquisition of Shares and Takeovers Regulations, 2011, effective upon publication in the Official Gazette. Key changes include modifications to regulations concerning the buy-back of shares, preferential issues, and disclosures related to shareholding changes. Specifically, amendments clarify the timing for disclosures and public announcements, establish conditions for acquiring shares through preferential issues, and stipulate disclosure requirements for changes in shareholding exceeding two percent. Additionally, the amendments prevent acquirers from withdrawing open offers in certain circumstances, ensuring transparency and compliance in share acquisition activities.