Takeover/acquisition of shares of  listed companies in

Solution

In  case  of  takeover  of    listed  companies,  other  than  the  SAST  Regulations, compliance  to  the  listing  agreement  is  also  required. The provisions of Securities Contract Regulation Act, 1957 and various rules and regulations framed there under apply in case a company has to takeover or acquire another target company. The main regulation  which  applies  to  the  acquisition  or  takeover  transaction  of  public companies is the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011.