valid as on 14/07/2019

Regulation 28. Disclosure-related provisions
Effective date 23.10.2011

Disclosure-related provisions.

28. (1) The disclosures under this Chapter shall be of the aggregated shareholding and voting rights of the acquirer or promoter of the target company or every person acting in concert with him.

2. For the purposes of this Chapter, the acquisition and holding of any convertible security shall also be regarded as shares, and disclosures of such acquisitions and holdings shall be made accordingly.

3. For the purposes of this Chapter, the term “encumbrance” shall include a pledge, lien or any such transaction, by whatever name called.

4. Upon receipt of the disclosures required under this Chapter, the stock exchange shall forthwith disseminate the information so received.

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