Answer-Under Regulation 29(2) of SEBI (SAST) Regulations, 2011, any person who holds 5% or more shares/voti...

Correct Answer 2 of total shareholding Explanation This is governed by Regulation 292 of the SEBI Substantial Acquisition of Shares and Takeovers Regulations, 2011. The Rule If an acquirer already holds 5 or more shares or voting rights in a target company, they are required to make a disclosure for every acquisition or disposal of shares that aggregates to 2 or more of the shares or voting rights. Timeline This disclosure must be made to the company and the stock exchanges where the shares are listed within 2 working days of the receipt of intimation of allotment of shares or the acquisitiondisposal of shares. Purpose This ensures transparency so that the market and the company are aware of significant changes in the holding pattern of major shareholders.

Question

Under Regulation 29(2) of SEBI (SAS

T Regulations, 2011, any person who holds 5% or more shares/voting rights in a target company must disclose any change in shareholding if the change exceeds:

A 1% of total shareholding

B 2% of total shareholding

C 3% of total shareholding

D 4% of total shareholding

E 5% of total shareholding