Question

Under Regulation 3(2) of the SEBI (SAS

  • T Regulations, 2011, an acquirer who (together with persons acting in concert) holds 25% or more but less than the maximum permissible non-public shareholding (typically 75%) in a target company, can acquire additional shares or voting rights up to what limit in any financial year without triggering a mandatory open offer?
A 2%
B 5%
C 10%
D 15%
E 26%
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