How an escrow amount is calculated under Regulation 17 of the Securities Exchange Board of India (SEBI) (Substantial Acquisition of Shares and Takeovers) (SAST) Regulations, 2011. List out the payment modes of escrow acc

The escrow amount shall be calculated in the following manner, as specified in Regulation 17 of Securities Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011, for consideration payable under the public offer: Sl. No. Consideration payable under the Open Offer Escrow Amount a. On the first five hundred crore rupees an amount equal to twenty-five per cent of the consideration b. On the balance consideration an additional amount equal to ten per cent of the balance consideration If, an open offer is made conditional upon minimum level of acceptance, hundred percent of the consideration payable in respect of minimum level of acceptance or fifty per cent of the consideration payable under the open offer, whichever is higher, shall be deposited in cash in the escrow account. The escrow account may be in the form of: cash deposited with any scheduled commercial bank; bank guarantee issued in favour of the manager to the open offer by any scheduled commercial bank; or deposit of frequently traded and freely transferable equity shares or other freely transferable securities with appropriate margin as specified under the regulation.