Securities And Exchange Board of India (Substantial Acquisition of Shares And Takeovers) Amendment Regulations, 1998.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... red by sub-section (1) of Section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to amend the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 : I.(i) These regulations may be called the Securities and Exchange Board of India (Substantial Acquisition of Shares and .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... en , appearing after the words to exercise and before the words per cent or more the word fifteen shall be substituted. (4) In regulation 11- (a) in sub-regulation (1), (i) for the words and figures not less than 10% but not more than 51% , the words and figures, 15% or more but less than 75% , shall be substituted. (ii) for the figure 2% appearing after the words exer .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... prior to the closure of the offer. (6) In regulation 22- (a) in sub-regulation (16), for the figure 10% , appearing after the word beyond , the figure 15% shall be substituted. (b) in sub-regulation (17), for the words after the date of public announcement appearing after the words any shares and before the words he, shall disclose , the words in terms of sub-regulation (4) o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X