0031-2011 M-s Nirvana Holdings Private Limited vs Securities and Exchange Board of India
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Full text
“Without prejudice to the aforesaid, we submit that if you are not satisfied with our submissions, that at the relevant time we were not acting in concert with others as alleged and feel that we have violated the provisions of Regulation 11(1), then we submit that we are open to disinvesting the shareholding of 1.17% which is allegedly in excess of 5% permissible creeping acquisition limit available to us for the Financial year 2008-09. The proposed disinvestment by us of the 1.17% shares would be in consonance with the provisions of Regulation 44 of Takeover Regulations, under which,
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
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Source: SecMarx — 0031-2011 M-s Nirvana Holdings Private Limited vs Securities and Exchange Board of India. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.