Regulation 6 - Exercise of rights in case of open offer and acquisitions on stock exchanges - CCI (Combinations) Regulations, 2024

6. Exercise of rights in case of open offer and acquisitions on stock exchanges. In case of an acquisition in respect of which notice under clause (a) of section 6A of the Act is required to be given, the acquirer could, (a) avail economic benefits such as dividend or any other distribution, subscription to rights issue, bonus shares, stock-splits and buy-back of securities; (b) exercise voting rights only in matters relating to liquidation and/or insolvency proceedings: Provided that the acquirer, its group entities and other entities forming part of the same group including their affiliates shall not, directly or indirectly, influence the enterprise whose shares or securities are being acquired or any of its affiliate(s), in any manner whatsoever.