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    Condition to make open offer below threshold limit

    Posted By : Juhee Goyal / Published on : 27-Aug-2022 05:56 AM / View : 315 / Comment : 1

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    Hello Everyone!

    Can a person holding less than 25% of the voting rights/ shares in a target
    company, make an open offer as per SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011
    Read more on : threshold limit below offer make open condition

    • Hello Juhee,

      Yes, any person holding less than 25% of shares/ voting rights in a target company can make an open offer provided the open offer is for a minimum of 26% of the share capital of the company.

      ThankYou!!!

      29-08-2022 / 04:45:28 AM
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