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Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2001. - S.O. No.1058(E) - SEBI/LE/38507/2001 - SEBI
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Disclosure obligations: Acquirers must report acquisitions under regulation 11 when holdings hit specified thresholds. The amendment adds sub-regulation (1A) to Regulation 7 requiring any acquirer who has acquired shares or voting rights under Regulation 11(1) to disclose that acquisition and the aggregate of pre- and post-acquisition shareholding and voting rights to the company when such acquisition aggregates to specified thresholds. It inserts references to (1A) into sub-regulations (2) and (3) of Regulation 7 and substitutes a higher percentage in Regulation 11(1) for the phrase 'exercise more than', thereby raising the trigger level for the action in Regulation 11.
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.
Disclosure obligations: Acquirers must report acquisitions under regulation 11 when holdings hit specified thresholds.
The amendment adds sub-regulation (1A) to Regulation 7 requiring any acquirer who has acquired shares or voting rights under Regulation 11(1) to disclose that acquisition and the aggregate of pre- and post-acquisition shareholding and voting rights to the company when such acquisition aggregates to specified thresholds. It inserts references to (1A) into sub-regulations (2) and (3) of Regulation 7 and substitutes a higher percentage in Regulation 11(1) for the phrase "exercise more than", thereby raising the trigger level for the action in Regulation 11.
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