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Sast reg 2011

This query is : Resolved 
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(Querist)
21 July 2012

Acquirer can acquire upto 5% of shares or voting rights in any financial year without making public announcement for open offer.

Now, how 5% should be calculated? Shall we take into account invoke, acquisition (Buy) and Sell or only acquisition(Buy)?
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Ajay Mishra

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Ajay Mishra (Expert)
22 July 2012 Hi

It means your buying during the financial year can not exceed 5% either singly or taken together.

For example, if you hold 22% during the last financial year and you want to take further shares then you can only take 5% of the paid up capital of target co. during the year.
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