Amount required to be deposited in Escrow Account would be the same for both conditional and unconditional offer.

Whenever an acquirer proposes to make public announcement of an open offer under regulation 17 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the acquirer is required to open an Escrow Account with a bank. Such escrow account is required to be opened not later than two working days prior to the date of the publication of the detailed public statement of open offer for acquiring shares. In case the acquirer makes an unconditional open offer, he is required to maintain 25% of consideration in the escrow account for the first ₹500 Crores of consideration payable under the open offer. For the balance consideration, acquirer is required to maintain an additional amount equal to 10%. However, in case the acquirer makes a conditional open offer involving minimum level of acceptance, he is required to maintain in the escrow account the higher of- 100% of the consideration payable in respect of the minimum level of acceptance; or 50% of the consideration payable under the open offer.