Crossing SEBI's takeover thresholds triggers obligations that are precise, public, and unforgiving of error. We manage Takeover Code compliance and open offers — trigger analysis, disclosure requirements, offer documentation, and merchant banker coordination — so substantial acquisitions close without regulatory surprises.
You're acquiring a listed company and the Takeover Code triggers. We map every obligation — disclosures, open offer, timelines — before you cross, not after.
You're consolidating holding gradually and approaching the creeping limits. We monitor thresholds and manage the disclosure calendar so a technical breach doesn't become an enforcement case.
Persons acting in concert aggregate. We analyse the full PAC picture — including indirect holdings — so the trigger analysis is complete.
Substantial acquisition (25%), control acquisition, and creeping acquisition thresholds — analysed against your exact holding pattern including PACs and indirect holdings.
Continual and event-based disclosures under the SAST Regulations for acquirers, PACs, and the target — filed correctly and on time.
Offer documentation, timelines, and coordination with the merchant banker to the offer — managed from your side of the table.
SEBI exemption applications where the regulations permit — inter-se transfers, scheme-related exemptions — drafted and pursued.
Offer price computation under Regulation 8 — negotiated price, volume-weighted averages, and 52-week highs — verified independently.
Shareholding pattern filings, disclosures, and delisting considerations after the offer closes.
Complete trigger and PAC analysis before any acquisition step — including what the disclosures will say.
Event-based and continual filings managed on a calendar — nothing late, nothing missed.
Open offer documentation and banker coordination through closure.
Post-offer filings, shareholding updates, and the compliance tail.
At 25% of voting rights (substantial acquisition), on acquisition of control regardless of percentage, and through creeping acquisition limits (5% per financial year above 25%). The analysis is fact-specific — get it checked before you cross, not after.
Yes — the regulations require a merchant banker to the open offer. We coordinate with them and manage your side: documentation, disclosures, timelines.
Talk to us immediately. Voluntary disclosures and corrective filings are far cheaper than SEBI enforcement proceedings.
Persons Acting in Concert — holdings aggregate for threshold purposes. Family, group companies, and agreement-based concert all count.
Tell us where your company is headed. A partner — not a sales rep — will respond.
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