SEBI SAST

    Substantial Acquisition of Shares and Takeovers

    Regulatory Compliance

    The 'Takeover Code' governing acquisition of substantial shares, open offers, and change of control in listed companies.

    Formula

    Open offer triggered at 25% ownership or acquisition of control

    Why it matters

    Protects minority shareholders during takeovers. Acquirers must make open offer at fair price above certain thresholds.

    Indian example

    Related terms

    Open OfferTakeoverAcquirer

    Learn the concept

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