SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 (‘SAST Regulations’)

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....lations') 1. SEBI vide Circular No. SEBI/CFD/DCR/SAST/3/2011/11/22 dated November 22, 2011 has, inter-alia, issued the format for submitting the draft letter of offer (DLOF) with SEBI in terms of SAST Regulations and certain instructions to be followed by merchant bankers while filing the DLOF . 2. Accordingly, Merchant Bankers have been filing the DLOF and certain information about the acquirer....

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....urities and Exchange Board of India Act, 1992. 6. This circular is available on SEBI website at www.sebi.gov.in under the categories "Legal Framework" and "Takeovers". Yours faithfully, Amit Tandon Deputy General Manager +91-22-26449373 [email protected] Annexure Amendments to General Instructions 1. Amendment to Clause 12(b) This clause shall stand omitted. 2. Amendment to Clause 12 (d....

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....) The clause shall be substituted with the following: "The changes in capital structure of TC during the current financial year in which the Public Announcement has been made and for a period of eight financial years preceding the current financial year in which Public Announcement has been made. In case, where an open offer has already been made in respect of the TC in the past eight financial ....