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of <h1>SEBI Amends 1997 Regulations: Shareholding Threshold Raised to 15%, New Rules for Acquisitions Near Offer Close.</h1> The Securities and Exchange Board of India (SEBI) has amended its 1997 regulations concerning the substantial acquisition of shares and takeovers. Key changes include increasing the threshold for shareholding and voting rights from 10% to 15% in various regulations. Additionally, the amendment specifies that an acquirer holding 75% of shares or voting rights cannot acquire more without a public announcement. A new provision prohibits acquisitions during the last seven working days before an offer closes. These amendments aim to refine the regulatory framework governing share acquisitions and takeovers.
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