- Irrespective of acquisition or holding of shares or voting rights in a target company, no acquirer shall acquire, directly or indirectly, control over such target company unless the acquirer makes a public announcement of an open offer for acquiring shares of such target company in accordance with these regulations.
Chapter I — Full Text
Section 4
Acquisition of control
Printed from Law on Tips • SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011