Indirect acquisition of shares or control

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..... ntrol over, any company or other entity, that would enable any person and persons acting in concert with him to exercise or direct the exercise of such percentage of voting rights in, or control over, a target company, the acquisition of which would otherwise attract the obligation to make a public announcement of an open offer for acquiring shares under these regulations, shall be considered as a .....

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..... ents, such indirect acquisition shall be regarded as a direct acquisition of the target company for all purposes of these regulations including without limitation, the obligations relating to timing, pricing and other compliance requirements for the open offer. Explanation.- For the purposes of computing the percentage referred to in clause (c) of this sub-regulation, the market capitalisation of .....

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