0003-2013 M-s. Akshya Infrastructure Private Limited vs Securities and Exchange Board of India
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Full text
“4.a It has been observed that pursuant to acquisition of shares by the promoter group on March 30, 2007, October 12, 2007 and February 19, 2011, prima facie Regulation 11(1) of the Takeover Regulations, 1997 has been violated. The MB if advised to make appropriate disclosures in the offer document regarding the violation of regulation 11(1) of the Takeover Regulations, 1997. Also disclose that SEBI may initiate appropriate penal action against the promoter/acquirer for violation of Regulation 11(1) of the Takeover Regulations, 1997 and failing to make a public announcement under r
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
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