Question
Under Regulation 3(2) of the SEBI (SAST) Regulations,
2011, an acquirer who already holds 25% or more of the voting rights in a target company (but less than the maximum permissible non-public shareholding) is permitted to acquire additional voting rights without triggering a mandatory open offer, provided such acquisition does not exceed what limit?Solution
Correct Answer: 3 If an acquirer already holds between 25% and 75% (the typical maximum non-public shareholding), they are allowed a "creeping" window. They can acquire up to 5% additional voting rights in any single financial year (April to March) without making an open offer. The "Gross" Rule: SEBI calculates this 5% on a gross basis . This means you cannot buy 5%, sell 2%, and then buy another 2% in the same year. The moment your total purchases hit 5%, the limit is exhausted, regardless of any intermittent sales.
Jarawa tribes can be found majorly in which part of India?
Consider the following statement in the context of Padma Award 2021.
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Match the Following:
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...Which gas is produced during the process of photosynthesis?
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In which of the following Olympics was field hockey included as a sport for the first time?
