https://www.taxtmi.com/caselaws?id=308956 The Tribunal held that the Takeover Regulations, 2011 applied, not the 1997 Regulations, as they were in force at the time of equity shares allotment. The trigger date for public announcement was the conversion date, not the subscription date. An 'acquirer' is one who acquires shares or voting rights, with voting rights acquisition occurring on the conversion date. The impugned order directing a public announcement and interest payment was upheld, requiring the appellants to comply. The appeal was dismissed, affirming the obligations imposed by the impugned order. en-us Wed, 13 Nov 2013 00:00:00 +0530 Thu, 03 Aug 2023 11:36:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308956 The Tribunal held that the Takeover Regulations, 2011 applied, not the 1997 Regulations, as they were in force at the time of equity shares allotment. The trigger date for public announcement was the conversion date, not the subscription date. An 'acquirer' is one who acquires shares or voting rights, with voting rights acquisition occurring on the conversion date. The impugned order directing a public announcement and interest payment was upheld, requiring the appellants to comply. The appeal was dismissed, affirming the obligations imposed by the impugned order. Case-Laws SEBI Wed, 13 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308956