Substantial Acquisition

Acquisition of 5% or more shares in a listed company triggering disclosure under SEBI Takeover Code Regulation 29, and acquisition of 25% or more triggering mandatory open offer requirements.

Substantial Acquisition is regulated by the Securities and Exchange Board of India under applicable SEBI regulations. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.

Substantial Acquisition is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with SEBI regulatory matters in India.