Write notes on the following: (v) Creeping Acquisition Limit.

According to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, an acquirer who holds 25% or more but less than the maximum permissible non-public share of the target company, can acquire such additional shares as would entitle him to exercise more than 5% of the voting rights in any financial year, ending March 31, only after making a public announcement to acquire a minimum of 26% shares of the target company from the shareholders through an Open Offer.