India – SEBI Amended Takeover Rules

India – SEBI Amended Takeover Rules

On 29 July, 2019, IND SEBI published the second amendment to the regulations.

  • Added sub-regulation on increase in voting rights of any shareholder beyond threshold.
  • Also added sub-regulation regarding "encumbrance" and on declarations of promoters.
  • The rules shall come into force on the date of their publication in the official gazette