No relief from disclosure under takeover code if Financial Institution acquires pledged shares on bo

CL : Proviso to Regulation 29(4) of the SAST Regulations,2011 only exempts a Public Financial Institution /Scheduled Bank from making disclosures in respect of deemed acquisitions of shares of a listed company by way of pledge referred to in Regulation 29(4). It does not exempt actual acquisitions by pledgee of invocation of pledge when borrower defaults