Finance · Financial Markets

According to the SEBI (SAST) Regulations, 2011, who is defined as an 'acquirer'?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Only an individual acquiring shares directly
2Only a corporate entity acquiring shares of another company
3Any person who acquires or agrees to acquire shares or voting rights or control, directly or indirectly, by himself or with persons acting in concert✓
4Only the existing promoters of the target company

Correct answer

Any person who acquires or agrees to acquire shares or voting rights or control, directly or indirectly, by himself or with persons acting in concert

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