0089-2016 Gulf Investment Services Holding Co vs Securities and Exchange Board of India

SAT · Final order

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Uves Yunus Sareshwala to make a public offer through a merchant banker to acquire shares from public shareholders by paying them the value determined by the valuer in the manner prescribed in Regulation 23 of the SEBI (Delisting of Equity Shares) Regulations, 2009 and acquire the shares offered in response to the public offer, within three months from the date of this Order; (d) direct BSE to facilitate valuation of shares to be purchased as at (c) above, and compulsorily delist Parsoli Corporation Ltd., if the public shareholding reduces below the minimum level in view of af

BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI Order Reserved on: 27.06.2019

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Source: SecMarx — 0089-2016 Gulf Investment Services Holding Co 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.