Supreme Court · 2022 INSC 669 · Decided 11 July 2022
Securities and Exchange Board of India v. Sunil Krishna Khaitan and Others
- Court
- Supreme Court of India
- Citation
- 2022 INSC 669 · [2022] 18 S.C.R. 987
- Case number
- CIVIL APPEAL No. 8249/2013
- Decided
- 11 July 2022
- Bench
- SANJIV KHANNA, BELA M. TRIVEDI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 -Regulation 10 - Interpretation of Regulation 10 of the SEBI Regulations, 1997 - Held: Regulation 10 states that no 'acquirer' shall acquire voting rights, which taken together with rights held by him or by a 'person acting in concert' would entitle the 'acquirer' to exercise 15% or more of the voting rights in the company, unless such 'acquirer' makes public announcement to acquire shares in accordance with the regulations -The
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