Answer-Under Regulation 6 of the SEBI (SAST) Regulations, 2011, an acquirer who, without crossing the open-...

Regulation 6 of the SEBI SAST Regulations, 2011 permits an acquirer to make a VOLUNTARY open offer, and provides that the public announcement of a voluntary offer is not required to comply with the mandatory open-offer thresholds but shall specify that the offer is voluntary. The acquirer seeking a voluntary offer must acquire shares aggregating at least TEN PER CENT 10 of the total sharesvoting rights through the offer, and such shares must be in addition to the holdings the acquirer intends to acquire. The 10 minimum for a voluntary offer distinguishes it from the 26 mandatory offer size. It is a specific, memorable SAST figure.

Question

Under Regulation 6 of the SEBI (SAS

T Regulations, 2011, an acquirer who, without crossing the open-offer trigger, wishes to make a VOLUNTARY open offer must, inter alia, acquire shares aggregating at least ___% of the total shares of the target company:

A 25%

B 26%

C 10%

D 5%

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