SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 Prev4 of 7Next Chapter III. OPEN OFFER PROCESS Manager to the open offer Timing Publication Contents Filing of letter of offer with the Board Provision of escrow Other procedures Conditional offer Competing offers Payment of consideration Completion of acquisition Withdrawal of open offer Prev4 of 7Next Chapter III. OPEN OFFER PROCESS