Relaxations relating to procedural matters – Takeovers and Buy-back.

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..... relating to procedural matters Takeovers and Buy-back. 1. In view of the impact of the COVID-19 pandemic and the lockdown measures undertaken by Central and State Governments, based on representations, the following one time relaxations are granted from strict enforcement of certain regulations of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereafter Takeove .....

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..... r means such as ordinary post or SMS or audio-visual advertisement on television or digital advertisement, etc. 1.1.3. Further, the Acquirer/ Company shall make an advertisement containing details regarding the dispatch of the letter of offer electronically and availability of such letter of offer along with the tender form on the website of the company, registrar and manager to the offer in t .....

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..... nges. 2. The acquirer/ company and the manager to offer shall provide procedure for inspection of material documents electronically. 3. As far as possible, attempts will be made to adhere to the existing prescribed framework. 4. This circular shall come into force with immediate effect. 5. This circular is issued in exercise of powers conferred by Section 11(1) of the Securities and .....

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