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The regulator of Indian securities market, the Securities and Exchange Board of India ('SEBI') on May 31, 2018, notified amendments to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the'Take-Over Regulations') and the SEBI (Delisting of Equity Shares) Regulations, 2009 (the 'Delisting Regulations') (collectively, the 'Amendments').