State the time limit within which the disclosure should be made under SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
CS Executive · Securities Laws and Capital Markets · PYQS · December 2024
State the time limit within which the disclosure should be made under SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
Answer & Explanation:
According to Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the disclosure should be made within two working days of the receipt of intimation of allotment of shares, or the acquisition or the disposal of shares or voting rights in the target company, to every stock exchange where the shares of the target company are listed and the target company at its registered office.
Topics: Takeover Regulations
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