Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2008 - LAD-NRO/GN/2008/26/142801 - SEBI
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Acquisition of voting rights permitted without public announcement subject to open market purchase and overall ownership cap. An acquirer, alone or with persons acting in concert, may acquire additional shares or voting rights without a public announcement if the acquisition is by open market purchase in the normal segment (not by bulk/block/negotiated deal or preferential allotment) or results from a buyback, provided the post acquisition shareholding together with persons acting in concert does not exceed the prescribed overall ownership ceiling.
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.
Acquisition of voting rights permitted without public announcement subject to open market purchase and overall ownership cap.
An acquirer, alone or with persons acting in concert, may acquire additional shares or voting rights without a public announcement if the acquisition is by open market purchase in the normal segment (not by bulk/block/negotiated deal or preferential allotment) or results from a buyback, provided the post acquisition shareholding together with persons acting in concert does not exceed the prescribed overall ownership ceiling.
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