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ARTICLE · 28 JANUARY 2026

SEBI's Latest Takeover Code Amendments: What Acquirers Must Know

Maheshwari & Co. Advocates & Legal Consultants
Maheshwari & Co. Advocates & Legal Consultants
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Maheshwari & Co. Advocates & Legal Consultants

Maheshwari & Co. Advocates & Legal Consultants

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In India, mergers and acquisitions (M&A) landscape has undergone through evolution over the years, with the Securities and Exchange Board of India (SEBI) playing a important...

IndiaCorporate/Commercial Law
Sheetal Patodiya
Sheetal Patodiya
Aniket Chaturvedi
Aniket Chaturvedi

Introduction

In India, mergers and acquisitions (M&A) landscape has undergone through evolution over the years, with the Securities and Exchange Board of India (SEBI) playing a important role in supervision, regulation and maintaining openness and fairness. SEBI in the year 2011 enacted SEBI (Substantial Acquisition of Shares and Takeovers) Regulations or also known as SEBI Takeover Code for the purpose of protecting the minor shareholders in a company in an event of acquisition or merger or when an investor is proposing to buy a large number of shares in the company. Over the years there have been amendments made in the regulations by SEBI to Strengthen the acquisition laws. Latently in 2025, SEBI made significant changes to the takeover framework, often known as the SEBI takeover code 2025, with the purpose of harmonizing current law in motion, boost transparency and increasing investor protection.

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