https://www.taxtmi.com/acts?id=36149 Regulation 11 restricts further acquisition of shares or voting rights by an acquirer who, with persons acting in concert, already holds a substantial stake, requiring a public announcement before increasing voting rights beyond prescribed incremental limits or moving into higher consolidation bands; it allows a limited market-based exemption for modest open-market purchases (excluding bulk/block/negotiated/preferential deals) and permits consolidation with a public announcement to protect minimum public shareholding. The regulation treats acquisition as including direct and indirect purchases and provides a specific disinvestment exception for Public Sector Undertakings where stages, parties and disclosures are consistent. en-us Sat, 02 Mar 2019 18:51:55 +0530 Mon, 04 Mar 2019 17:59:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36149 Regulation 11 restricts further acquisition of shares or voting rights by an acquirer who, with persons acting in concert, already holds a substantial stake, requiring a public announcement before increasing voting rights beyond prescribed incremental limits or moving into higher consolidation bands; it allows a limited market-based exemption for modest open-market purchases (excluding bulk/block/negotiated/preferential deals) and permits consolidation with a public announcement to protect minimum public shareholding. The regulation treats acquisition as including direct and indirect purchases and provides a specific disinvestment exception for Public Sector Undertakings where stages, parties and disclosures are consistent. Act-Rules SEBI Sat, 02 Mar 2019 18:51:55 +0530 https://www.taxtmi.com/acts?id=36149