Regulatory Alerts2025-12-24
Added · Updated
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
The Securities and Exchange Board of India (SEBI) issued these regulations to govern the substantial acquisition of shares and takeovers of target companies. They mandate a public announcement of an open offer when an acquirer, alone or with persons acting in concert, reaches or exceeds 25% of voting rights, or acquires more than 5% additional voting rights in a financial year while already holding 25% or more. The regulations also require an open offer for any direct or indirect acquisition of control over a target company, regardless of the percentage of shares or voting rights held.
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