On 17 May 2024, IND SEBI issued amendment regulations titled Securities and Exchange Board of India (substantial acquisition of shares and takeover) (amendment) regulations, 2024, effective from same day, being the date published in official gazette.

• Inserts sub-regulation that the effect on the price of equity shares of target company due to material price movement and confirmation of reported event or information may be excluded for determination of the offer price under this regulation.
• As per the framework specified under regulation 30 of the listing regulations.
• Adds second sub-regulation that the effect on price of listed equity shares, which are offered as consideration, due to material price movement and confirmation of reported event may be excluded for determination of the price of such equity shares.