THE GAZETTE OF INDIA — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, SEPTEMBER 23, 2011 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, 23 rd September, 2011 SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 No. LAD-NRO/GN/2011-12/24/30181.—In exercise of the powers conferred under section 30 read with clause (h) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) the Securities and Exchange Board of India hereby, makes the following regulations, namely: — CHAPTER - I PRELIMINARY Short title, commencement and applicability. (1) These regulations may be called the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These regulations shall come into force on the thirtieth day from the date of their publication in the Official Gazette. These regulations shall apply to direct and indirect acquisition of shares or voting rights in, or control over target company 1 [:] 1 Substituted by the SEBI (Listing of Specified Securities on Institutional Trading Platform) Regulations, 2013, for the full stop. 2 [Provided that these regulations shall not apply to direct and indirect acquisition of shares or voting rights in, or control over a company listed without making a public issue, on the 3 [ Innovators Growth Platform] of a recognised stock exchange.] Definitions. (1) In these regulations, unless the context otherwise requires, the terms defined herein shall bear the meanings assigned to them below, and their cognate expressions and variations shall be construed accordingly,— (a) "acquirer" means any person who, directly or indirectly, acquires or agrees to acquire whether by himself, o