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Format for Advertisement under Regulation 18 (7) in terms of SEBI (SAST) Regulations, 2011

Format of Advertisement to be issued by Manager to the Offer, on behalf of Acquirer pursuant to Regulation 18 (7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011 in respect of the open offer to acquire shares of the Target Company.

SEBI: Regulation 18 (7) in terms of SEBI (SAST) Regulations, 2011

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This document contains editable Format of Advertisement to be issued by Manager to the Offer, on behalf of Acquirer pursuant to Regulation 18 (7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011 in respect of the open offer to acquire shares of the Target Company, making it handy for use and compliance.

Additional Information

Regulation 18 (7) in terms of SEBI (SAST) Regulations, 2011

The acquirer shall issue an advertisement in such form as may be specified, one working day before the commencement of the tendering period, announcing the schedule of activities for the open offer, the status of statutory and other approvals, if any, whether for the acquisition attracting the obligation to make an open offer under these regulations or for the open offer, unfulfilled conditions, if any, and their status, the procedure for tendering acceptances and such other material detail as may be specified:

Provided that such advertisement shall be,—

  1. published in all the newspapers in which the detailed public statement pursuant to the public announcement was made; and
  2. simultaneously sent to the Board, all the stock exchanges on which the shares of the target company are listed, and the target company at its registered office.

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Format for advertisement under regulation 18 (7) in terms of sebi (substantial acquisition of shares and takeovers) regulations 2011