alleryStart learning →Regulation 3(2) creeping limit: a holder of 25 per cent may add more than what in a financial year only by open offer?
A2 per cent
B15 per cent
C10 per cent
D5 per cent
Answer & Solution
Correct answer: D. 5 per cent
Regulation 3(2) lets a holder between 25 per cent and the non-public cap add at most 5 per cent of voting rights per financial year without an open offer.
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