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Companies must intimate names of acquirers: SEBI
The Securities and Exchange Board of India (SEBI) has also stipulated that details like names of the PAC, whether they are part of the promoter group and their permanent account number (PAN) have to be filed with the stock exchanges.
However, the bourses need not share the information with the public, it said.
According to SEBI, companies have to use the revised format for disclosure under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations.
IANS