Person acquiring shares to make public announcement.

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....he financially weak company or the financial institution shall make a public announcement of his intention for acquisition of shares from the other shareholders of the company. (2) Such public announcement shall contain relevant details about the offer including the information about the identity and background of the person acquiring shares, the number and percentage of shares proposed to be acq....

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....isting the target company; or (b) undertake to disinvest through an offer for sale or by a fresh issue of capital to the public which shall open within a period of six months from the date of closure of the public offer, such number of shares so as to satisfy the listing requirements. (5) The letter of offer shall state clearly the option available to the acquirer under sub-regulation (4). (6) ....