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1 jftlvªh laö REGD. NO. D. L /99 vlk/kj.k EXTRAORDINARY Hkkx III [k.m 4 PART III Section 4 izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 345] ubz fnyyh] eaxyokj] flrecj 11] 2018@Hkkæ 20] 1940 No. 345] NEW DELHI, TUESDAY, SEPTEMBER 11, 2018/BHADRA 20, 1940 भ रत य तभ त और व नमय ब ड अ धस चन म बई, 11 सत बर, 2018 भ रत य तभ त और व नमय ब ड (श यर क पय अज न और अ ध हण) (द सर स श धन) व नयम, 2018 स. स ब / एल. ए. ड. - एन.आर. ओ./ ज. एन./ 2018/ 33. ब ड, भ रत य तभ त और व नमय ब ड अ ध नयम, 1992 (1992 क 15) क ध र 30 क अध न द श य क य ग करत ए एत र भ रत य तभ त और व नमय ब ड (श यर क पय अज न और अ ध हण) व नयम, 2011 क और स श धन करन क लए न ल खत व नयम बन त ह, अथ त,- 1. इन व नयम क भ रत य तभ त और व नमय ब ड (श यर क पय अज न और अ ध हण) (द सर स श धन) व नयम, 2018 कह ज सक ग 2. व र जप म उनक क शन क त र ख क व ह ग 3. भ रत य तभ त और व नमय ब ड (श यर क पय अज न और अ ध हण) व नयम, 2011 म,- (1) व नयम 2 म,- (क) उप- व नयम (1) म, ख ड (ञ) न ल खत स त थ पत ह ज एग, अथ त :- (ञ) ब र ब र प रत श यर स ल त क पन (ट ग ट क पन ) क ऐस श यर अ भ त ह जनक कस ट क ए सच ज म प रत प र वत ( ड ड टन ओवर) उस कल डर मह न स पहल क ब रह कल डर मह न क द र न ल त 5364 GI/2018 (1)

2 2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III SEC. 4] क पन क ऐस वग क श यर क क ल स य क कम स कम दस तशत ह, जसम इन व नयम क तहत स व जनक घ षण क ज न अप त ह : पर त यह क जह ल त क पन क कस वश ष वग क श यर क श यर प ज ऐस अव ध क द र न एकसम न न ह, वह ल त क पन क ऐस वग क क ल श यर क भ रत औसत स य श यर क क ल स य क दश एग ; अथ त :- (ख) उप- व नयम (1) म, ख ड (ञ) क प त और ख ड (ट) स प व, न ल खत ख ड अ त थ पत कय ज एग, (ञक) भग ड़ आ थक अपर ध स वह अ भ त ह ग, जस भग ड़ आ थक अपर ध अ ध नयम, 2018 (द य ज टव इक न मक ऑफ डस ए ट, 2018) [2018 क 17] क ध र 12 क तहत भग ड़ आ थक अपर ध घ षत कय गय ह ; (ग) ज एग, अथ त :- उप- व नयम (1) म, ख ड (ड) क प त और और ख ड (ढ) स प व, न ल खत ख ड अ त थ पत कय (डक) स च ब त स ब ध व नयम स भ रत य तभ त और व नमय ब ड [स च ब त ( ल टग) ब यत ए और कट करण अप ए ] व नयम, 2015 [स ब ( ल टग ऑ ल ग श स ए ड ड ल ज़र र यरम स) र य ल श स, 2015] अ भ त ह ; (घ) उप- व नयम (1) म, ख ड (द) न ल खत स त थ पत ह ज एग, अथ त :- (द) ड क मतप (प टल ब लट) स वह ड क मतप अ भ त ह जसक उ ल ख क पन अ ध नयम, 2013 क तहत बन ए गए क पन ( ब धन और श सन) नयम, 2014 क नयम 22 क तहत कय गय ह ; (ङ) उप- व नयम (2) म श द, च न और अ क "क पन अ ध नयम, 1956 (1956 क 1)", श द, च न और अ क "क पन अ ध नयम, 2013 (2013 क 18)" स त थ पत ह ज ए ग (2) व नयम 5क म,- (क) अ त: थ पत कए ज ए ग, अथ त :- उप- व नयम (1) म, पर त क म, श द "पहल ह कर द ह " क प त, न ल खत श द, च न और अ क "और उप- व नयम (1) क तहत ल ए ज न ह त त वत त व (ऑफर) क य जन थ अस च ब कए ज न क स ब ध म ब द म क ज न व ल घ षण पय नह ह ग " (ख) उप- व नयम (3) न ल खत स त थ पत ह ज एग, अथ त :- (3) उप- व नयम (1) क तहत ल ए गए अस च ब त क त व (ड ल टग ऑफर) क असफल ह न क दश म, अज नकत (अ यरर) र ख ल त व स ब ध ब यत ए उस क र प र क ज ए ग ज स न च उ ल ख कय गय ह : (i) अज नकत, ख ल त व क ब धक क म यम स, उप- व नयम (2) क तहत घ षण क त र ख स प च क य - दवस क भ तर, ब ड क प स प ( ट) त व-प (ल टर ऑफ ऑफर) द खल कर ग, ज स व नयम 16 क उप- व नयम (1) म नध रत कय गय ह ; और (ii) इन व नयम क सभ अ य ल ग वध न क प लन कर ग :

3 ¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3 पर त यह क त व क क मत, श यरध रक क तफल (क सडर शन) क भ गत न क नध रत त र ख और श यरध रक क तफल (क सडर शन) क भ गत न क व त वक त र ख क ब च क अव ध ह त, दस तशत तवष क दर पर नध रत र श क बर बर क रकम तक बढ़ ज एग प करण : इस उप- व नयम क य जन थ, नध रत त र ख वह त र ख ह ग जस त र ख क तफल क भ गत न इन व नयम म उ ल खत समय-स म क अन स र श यरध रक क कय ज न च हए थ " (3) व नयम 6क क प त और व नयम 7 स प व, न ल खत व नयम अ त थ पत कय ज एग, अथ त :- 6ख. इन व नयम म द ई कस ब त क ह त ए भ, क ई भ (ज भग ड़ आ थक अपर ध ह ) श यर क अ जत करन ह त ख ल त व (ओपन ऑफर) क स व ज नक घ षण नह कर ग य तय ग त व (क प टग ऑफर) नह ल एग अथव ल त क पन (ट ग ट क पन ) क क ह श यर य मत धक र य नय ण क अ जत करन ह त, य त य प स य अ य प स, क ई ल नद न (स वह र / ज शन) नह कर ग (4) व नयम 7 म, उप- व नयम (2) म, श द "ल त क पन क क ल श यर क अ त र दस तशत", श द "ल त क पन म अ त र दस तशत मत धक र क " स त थ पत ह ज ए ग (5) व नयम 9 म, - (क) ह ज ए ग श द "स च ब त कर र" जह कह भ दए ए ह, श द "स च ब त स ब ध व नयम " स त थ पत (ख) उप- व नयम (5) म, ख ड (ग) म, प करण म, श द, च न और अ क "क पन अ ध नयम, 1956 (1956 क 1) क ध र 81 क उप-ध र (1क) क अध न", श द, च न और अ क "क पन अ ध नयम, 2013 (2013 क 18) क ध र 62 क उप-ध र (1) क ख ड (ग) क तहत" स त थ पत ह ज ए ग (6) व नयम 10 म,- (क) श द "स च ब त कर र" जह कह भ दए ए ह, श द "स च ब त स ब ध व नयम य यथ थ त स च ब त कर र" स त थ पत ह ज ए ग (ख) अ त: थ पत कय ज एग, अथ त :- उप- व नयम (1) म, ख ड (क) म, उप-ख ड (iii) क प त और उप-ख ड (iv) स प व, न ल खत प करण प करण: इस उप-ख ड क य जन थ, क पन म नग मत नक य (ब ड क रप र ट) श मल ह ग, फर च ह वह भ रत य ह य वद श " (ग) उप- व नयम (1) म, ख ड (ज) म, श द, च न और अ क "क पन अ ध नयम, 1956 (1956 क 1) क ध र 87 क उप-ध र (2)", श द, च न और अ क "क पन अ ध नयम, 2013 (2013 क 18) क ध र 47 क उप-ध र (2)" स त थ पत ह ज ए ग (घ) उप- व नयम (4) म, ख ड (ग) म, पहल पर त क म, उप-ख ड (i) म, श द, च न और अ क "क पन अ ध नयम, 1956 (1956 क 1) क ध र 77क क अध न", श द, च न और अ क "क पन अ ध नयम, 2013 (2013 क 18) क ध र 68 क तहत" स त थ पत ह ज ए ग (ङ) उप- व नयम (4) म, ख ड (ग) म, पहल पर त क म, उप-ख ड (iii) म, श द, च न और अ क "क पन अ ध नयम, 1956 (1956 क 1) क ध र 77क क अध न", श द, च न और अ क "क पन अ ध नयम, 2013 (2013 क 18) क ध र 68 क तहत" स त थ पत ह ज ए ग

4 4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III SEC. 4] (7) व नयम 17 म, उप- व नयम (3) म, पर त क क प त न ल खत प करण अ त: थ पत कय ज एग, अथ त :- " प करण : नल ब ख त म पड़ नकद [ जसक उ ल ख ऊपर ख ड (क) म कय गय ह ] क ऐस ख त म रख ज सक ग, जस पर य ज मलत ह, बशत क मच ट ब कक र (ब कर) यह स न त कर क प स (फ ड) उस समय उपल ध रह जब श यरध रक क भ गत न करन ह " (8) व नयम 18 म,- (क) उप- व नयम (2) म, पहल पर त क स प व, न ल खत प करण अ त: थ पत कय ज एग, अथ त :- " प करण: (i) त व-प (ल टर ऑफ ऑफर) क पन अ ध नयम, 2013 क वध न क अन स र इल नक म यम स भ षत कय ज सक ग (ii) कस श यरध रक स त व-प (ल टर ऑफ ऑफर) क त क गज़ प म करन क अन र ध ह न पर, उसक त उपल ध कर ई ज एग ज ए ग (iii) (ख) उपर क कट करण ( ड ल ज़र) त व-प (ल टर ऑफ ऑफर) म कय ज एग " उप- व नयम (4) म, श द "त न क य दवस ", श द और च न "एक क य - दवस" स त थ पत ह (9) व नयम 20 म, उप- व नयम (9) म, पर त क म, श द "त न क य दवस", श द और च न "एक क य - दवस" स त थ पत ह ज ए ग (10) व नयम 22 म, उप- व नयम (2) म, श द " तफल क एक स तशत", श द और च न "स प ण तफल (क सडर शन)" स त थ पत ह ज ए ग (11) व नयम 24 म, उप- व नयम (1) म, पहल पर त क म, श द " तफल क शत तशत", श द और च न "स प ण तफल (क सडर शन)" स त थ पत ह ज ए ग (12) व नयम 29 म, उप- व नयम (3) म, श द "मत धक र क अज न" क प त, श द और च न "य उनक ब च ज न आ द ( ड प ज़ल)" अ त: थ पत कए ज ए ग (13) व नयम 32 म, उप- व नयम (1) म, श द "अध न ऐस नद श", क प त, श द "य क ई अ य आद श" अ त: थ पत कए ज ए ग (14) व नयम 33 न ल खत स त थ पत ह ज एग, अथ त, - "क ठन इय क द र करन क श 33. इन व नयम क वध न क य य इनक ल ग ह न क स ब ध म क ह क ठन इय क द र करन क लए, ब ड समय-समय पर प करण य दश नद श (म ग दश क स त / ग इडल इ स) ज र कर सक ग " अजय य ग, अ य [fokkiu-iii@4@vlk-@221@18]

5 ¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 5 प द ट पण : 1. भ रत य तभ त और व नमय ब ड (श यर क पय अज न और अ ध हण) व नयम, 2011, स. एल.ए.ड.-एन.आर.ओ./ज.एन./ /24/30181, 23 सत बर 2011 क भ रत क र जप म क शत ए थ 2. म ल व नयम त प त : (क) 26 म च, 2013 क भ रत य तभ त और व नमय ब ड (श यर क पय अज न और अ ध हण) (स श धन) व नयम, 2013, स. एल.ए.ड.-एन.आर.ओ./ज.एन./ /36/7368, र (ख) 8 अ बर, 2013 क भ रत य तभ त और व नमय ब ड {स थ गत प रक ( डग) ल टफ म पर व न द तभ तय क स च ब त } व नयम, 2013, स. एल.ए.ड.-एन.आर.ओ./ज.एन./ /28/6720, र (ग) 23 मई, 2014 क भ रत य तभ त और व नमय ब ड (फ स क स द य) (स श धन) व नयम, 2014, स. एल.ए.ड.-एन.आर.ओ./ज.एन./ /03/1089, र (घ) 24 म च, 2015 क भ रत य तभ त और व नमय ब ड (श यर क पय अज न और अ ध हण) (स श धन) व नयम, 2015, स. एल.ए.ड.-एन.आर.ओ/ज.एन./ /28/542, र (ङ) 5 मई, 2015 क भ रत य तभ त और व नमय ब ड (श यर क पय अज न और अ ध हण) (द सर स श धन) व नयम, 2015, स. स ब.एन.आर.ओ./ ओ.आई.ए.इ./ज.एन./ /004, र (च) 14 अग त, 2015 क भ रत य तभ त और व नमय ब ड (श यर क पय अज न और अ ध हण) (त सर स श धन) व नयम, 2015, स. स ब /एल.ए.ड.-एन.आर.ओ./ज.एन./ /009, र (छ) 22 दस बर, 2015 क भ रत य तभ त और व नमय ब ड (श यर क पय अज न और अ ध हण) (च थ स श धन) व नयम, 2015, स. स ब /एल.ए.ड.-एन.आर.ओ./ज.एन./ /026, र (ज) 17 फरवर, 2016 क भ रत य तभ त और व नमय ब ड (श यर क पय अज न और अ ध हण) (स श धन) व नयम, 2016, स. स ब /एल.ए.ड.-एन.आर.ओ./ज.एन./ /035, र (झ) 25 मई, 2016 क भ रत य तभ त और व नमय ब ड (श यर क पय अज न और अ ध हण) (द सर स श धन) व नयम, 2016, स. स ब /एल.ए.ड.-एन.आर.ओ./ज.एन./ /002, र (ञ) 6 म च, 2017 क भ रत य तभ त और व नमय ब ड (फ स क भ गत न और भ गत न क म यम) (स श धन) व नयम, 2017, अ धस चन स. स ब /एल.ए.ड.-एन.आर.ओ./ज.एन./ /037 (त र ख 29 म च, 2017 क अ धस चन स. स ब /एल.ए.ड.-एन.आर.ओ./ज.एन./ /038 क स थ प ठत), र (ट) 14 अग त, 2017 क भ रत य तभ त और व नमय ब ड (श यर क पय अज न और अ ध हण) (स श धन) व नयम, 2017, स. स ब /एल.ए.ड.-एन.आर.ओ./ज.एन./ /015, र (ठ) 1 ज न, 2018 क भ रत य तभ त और व नमय ब ड (श यर क पय अज न और अ ध हण) (स श धन) व नयम, 2018, स. स ब /एल.ए.ड.-एन.आर.ओ./ज.एन./2018/20, र स श धत ए थ

6 6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III SEC. 4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 11th September, 2018 SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) (SECOND AMENDMENT) REGULATIONS, 2018 No. SEBI/LAD-NRO/GN/2018/33. In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, namely: 1. These regulations may be called the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, (1) in regulation 2: namely:- (a) in sub-regulation (1), in clause (j), the words is made shall be substituted with the following, is required to be made under these regulations namely;- (b) in sub-regulation (1), after clause (j) and before clause (k), the following clause shall be inserted, (ja) fugitive economic offender shall mean an individual who is declared a fugitive economic offender under section 12 of the Fugitive Economic Offenders Act, 2018 (17 of 2018). namely:- (c) in sub-regulation (1), after clause (m) and before clause (n), the following clause shall be inserted, (ma) listing regulations means the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, (d) in sub-regulation (1), clause (r) shall be substituted with the following, namely:- (r) postal ballot means a postal ballot as provided for under Rule 22 of the Companies (Management and Administration) Rules, 2014 made under the Companies Act, (e) in sub-regulation (2), the words and figures Companies Act, 1956 (1 of 1956) shall be substituted with the words and figures Companies Act, 2013 (18 of 2013) (2) in regulation 5A,- (a) in sub-regulation (1), in the proviso, after the words detailed public statement, the following words and figures shall be inserted, namely:-

7 ¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 7 and a subsequent declaration of delisting for the purpose of the offer proposed to be made under sub regulation (1) will not suffice (b) sub-regulation (3) shall be substituted with the following, namely:- (3) In the event of failure of the delisting offer made under sub-regulation (1), the open offer obligations shall be fulfilled by the acquirer in the following manner: (i) the acquirer, through the manager to the open offer, shall within five working days from the date of the announcement under sub-regulation (2), file with the Board, a draft of the letter of offer as specified in sub-regulation (1) of regulation 16; and (ii) shall comply with all other applicable provisions of these regulations. Provided that the offer price shall stand enhanced by an amount equal to a sum determined at the rate of ten per cent per annum for the period between the scheduled date of payment of consideration to the shareholders and the actual date of payment of consideration to the shareholders. Explanation: For the purpose of this sub-regulation, scheduled date shall be the date on which the payment of consideration ought to have been made to the shareholders in terms of the timelines in these regulations. (3) after regulation 6A and before regulation 7, the following regulation shall be inserted, namely;- 6B. Notwithstanding anything contained in these regulations, no person who is a fugitive economic offender shall make a public announcement of an open offer or make a competing offer for acquiring shares or enter into any transaction, either directly or indirectly, for acquiring any shares or voting rights or control of a target company. (4) in regulation 7, in sub-regulation (2), the words total shares of appearing after the words additional ten per cent of the, shall be substituted by the words voting rights in. (5) in regulation 9,- (a) regulations. the words listing agreement, wherever occurring, shall be substituted by the words listing (b) in sub-regulation (5), in clause (c), in the explanation, the words and figures sub section (1A) of 81 of the Companies Act, 1956 (1 of 1956) shall be substituted by the words and figures clause (c) of sub-section (1) of section 62 of the Companies Act, 2013 (18 of 2013). (6) in regulation 10,- (a) the words listing agreement, wherever occurring, shall be substituted by the words listing regulations or as the case may be, the listing agreement. (b) in sub-regulation (1), in clause (a), after sub-clause (iii) and before sub-clause (iv), the following explanation shall be inserted, namely:- Explanation: For the purpose of this sub-clause, the company shall include a body corporate, whether Indian or foreign.

8 8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III SEC. 4] (c) in sub-regulation (1), in clause (h), the words and figures sub- section (2) of section 87 of the Companies Act, 1956 (1 of 1956) shall be substituted by the words and figures sub- section (2) of section 47 of the Companies Act, 2013 (18 of 2013). (d) in sub-regulation (4), in clause (c), in the first proviso, in sub-clause (i), the words and figures section 77A of the Companies Act, 1956 (1 of 1956), shall be substituted by the words and figures section 68 of the Companies Act, 2013 (18 of 2013). (e) in sub-regulation (4), in clause (c), in the first proviso, in sub-clause (iii), the words and figures section 77A of the Companies Act, 1956 (1 of 1956), shall be substituted by the words and figures section 68 of the Companies Act, 2013 (18 of 2013). (7) in regulation 17, in sub-regulation (3), after the proviso the following explanation shall be inserted, namely:- Explanation: The cash component of the escrow account as referred to in clause (a) above may be maintained in an interest bearing account, subject to the merchant banker ensuring that the funds are available at the time of making payment to the shareholders. (8) in regulation 18,- (a) in sub-regulation (2), before the first proviso, the following explanation shall be inserted, namely:- Explanation: (i) Letter of offer may also be dispatched through electronic mode in accordance with the provisions of Companies Act, (ii) On receipt of a request from any shareholder to receive a copy of the letter of offer in physical format, the same shall be provided. day. (iii) (b) The aforesaid shall be disclosed in the letter of offer. in sub-regulation (4), the words three working days shall be substituted by the words one working (9) in regulation 20, in sub-regulation (9), in the proviso, the words three working days shall be substituted by the words one working day. (10) in regulation 22, in sub-regulation (2), the words one hundred per cent of the shall be substituted by the words the entire. (11) in regulation 24, in sub-regulation (1), in the first proviso, the words one hundred per cent of the shall be substituted by the words the entire. (12) in regulation 29, in sub-regulation (3), after the words or the acquisition and before the words of shares or voting rights, the words or the disposal shall be inserted. (13) in regulation 32, in sub-regulation (1), after the words issue such directions and before the words as it deems fit, the words or any other order shall be inserted. (14) in regulation 33,

9 ¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 9 (a) the words and symbol shall have the power to issue directions through guidance notes or circulars: shall be substituted by the words may issue clarifications or guidelines from time to time. (b) the proviso shall be omitted (15) in regulation 35, in sub-regulation (1), the word stand shall be substituted by the word stands. AJAY TYAGI, Chairman [ADVT.III/4/Exty./221/18] Footnotes: 1. The SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 were published in the Gazette of India on 23rd September, 2011 vide No. LAD-NRO/GN/ /24/ The Principal Regulations were subsequently amended on: (a) March 26, 2013 by the SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2013 vide No. LAD-NRO/GN/ /36/7368. (b) October 8, 2013 by the SEBI (Listing of Specified Securities on Institutional Trading Platform) Regulations, 2013 vide No. LAD-NRO/GN/ /28/6720. (c) May 23, 2014 by the SEBI (Payment of Fees) (Amendment) Regulations, 2014 vide Notification No. LAD-NRO/GN/ /03/1089. (d) March 24, 2015 by the SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2015 vide No. LAD-NRO/GN/ /28/542. (e) May 5, 2015 by the SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2015 vide No. SEBI/LAD-NRO/OIAE/GN/ /004. (f) August 14, 2015 by the SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2015 vide No. SEBI/LAD NRO/GN/ /009. (g) December 22, 2015 by the SEBI (Substantial Acquisition of Shares and Takeovers) (Fourth Amendment) Regulations, 2015 vide No. SEBI/LAD-NRO/GN/ /026. (h) February 17, 2016 by the SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2016 vide No. SEBI/LAD-NRO/GN/ /035. (i) May 25, 2016 by the SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2016 vide No. SEBI/ LAD-NRO/GN/ /002. (j) March 6, 2017 by SEBI (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017 vide No. SEBI/LAD/NRO/GN/ /037 read with notification dated March 29, 2017 vide No. SEBI/LAD/NRO/GN/ /38.

10 10 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III SEC. 4] (k) August 14, 2017 by SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2017 No. SEBI/LAD-NRO/GN/ /015. (l) June 01, 2018 by SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2018 No. SEBI/LAD-NRO/GN/2018/20. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi and Published by the Controller of Publications, Delhi

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