sebi:SEBI/WTM/GM/CFD/48/2019-2020
Facts / Headnote
Application disposed of; exemption granted from Regulation 3(2) of the Takeover Regulations subject to conditions
Provisions invoked
- s. 19
Regulations relied on
- SEBI (SAST) Regulations, 2011 — 3(2)
Holding
SEBI granted exemption to the Government of India (Proposed Acquirer) from complying with Regulation 3(2) of the Takeover Regulations with respect to the proposed acquisition of 1,65,98,02,538 equity shares in Union Bank of India by way of preferential allotment, subject to stated conditions.
Full text
________________________________________________________________________________________________ Order in the matter of Union Bank of India
________________________________________________________________________________________________ Order in the matter of Union Bank of India
________________________________________________________________________________________________ Order in the matter of Union Bank of India
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Source: SecMarx — sebi:SEBI/WTM/GM/CFD/48/2019-2020. 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.