SEBI Notification Dated 03/12/2025 – Amendments to SEBI Substantial Acquisition of Shares and Takeovers Regulations 

The amendment inserts a new definition of “valuer” aligned with Section 247 of the Companies Act, and replaces the role of acquirers and managers in determining valuation with an “independent registered valuer.” It mandates that valuation of shares must now be conducted by independent registered valuers, while providing a nine-month transition period for ongoing valuation assignments initiated before the amendment takes effect. 

(Link: SEBI Notification Dated 03/12/2025)

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