SEBI (SAST) Regulations, 2011 require the disclosure of certain information by persons holding shares or voting rights in a company beyond a specified threshold limit. These regulations aim to promote transparency in transactions involving the acquisition of shares or voting rights in a company and ensure that investors are fully informed of such transactions.
Under these regulations, any person who acquires shares or voting rights in a company beyond the specified threshold limit is required to disclose the details of such acquisition to the company and the stock exchange where the shares of the company are listed. Similarly, any person who sells shares or reduces their holding below the specified threshold limit is also required to disclose such details.
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