Regulation 20A - Acquisition price under creeping acquisition. - Securities And Exchange Board of India(Substantial Acquisition of Shares And Takeovers) Regulations, 1997

1 [Acquisition price under creeping acquisition. 20A. (1) An acquirer who has made a public offer and seeks to acquire further shares under sub-regulation (1) of regulation 11 shall not acquire such shares during the period of 6 months from the date of closure of the public offer at a price higher than the offer price. (2) Sub-regulation (1) shall not apply where the acquisition is made through the stock exchanges.] ----------------- Notes:- 1. Inserted by the SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2002, w.e.f. 9-9-2002.