Regulation 3 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Shajathali S | Last updated: 23 August 2023

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SEBI's Takeover Regulations, 2011, specifically Regulation 3, govern the substantial acquisition of shares and takeovers of listed companies. This regulation ensures transparency and protects minority shareholders by imposing disclosure requirements on acquirers and Persons Acting in Concert (PAC). It outlines specific thresholds for share acquisition that trigger a mandatory open offer to the public.

Introduction SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 was introduced to guide and keep a check on the acquisition and takeover of shares of a listed entity. An Acquirer cannot acquire shares to any extend as per his own discretion, just because they have the resources to do so, without public disclosure or obligations. This Regulation have imposed stringent disclosures and other requirements on the Acquirer and the Person Acting in Concert (herein after referre

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About the Author

Shajathali S

On secretarial team @IBL Groups

CS Final level student, undergoing Articleship in IBL Group of Companies. Handling Stock exchange and other compliances independently, Love to travel and writing blogs

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