sebi:WTM/AB/CFD/05/2025-26

SEBI · SEBI · 2025-01-20 · Ashwani Bhatia, Whole Time Member

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Facts / Headnote

Exemption granted from making an open offer under Regulations 3(1) and 5 read with Regulation 4 of the Takeover Regulations, 2011, subject to conditions; application disposed of.

Provisions invoked

• s. 19
• s. 11(1)
• s. 11(2)

Regulations

• Reg. 4
• Reg. 3
• Reg. 3(1)
• Reg. 201
• Reg. 31
• Reg. 11(5)

Holding

SEBI granted exemption to Ms. Anju Arora and Nishith Arora Family Trust-2 from the obligation to make an open offer under Regulations 3(1) and 5 read with Regulation 4 of the Takeover Regulations, 2011, in respect of a proposed indirect acquisition of control over MPS Limited through an internal family reorganization.

Full text

__________________________________________________________________________________________ Exemption Order in the matter of MPS Limited. Page 2 of 14 for a proposed indirect acquisition of shares in the Target Company by Acquirer A and the Acquirer Trust. Details of the proposed acquisition:

__________________________________________________________________________________________ Exemption Order in the matter of MPS Limited. Page 3 of 14 Shareholding in ADI BPO Sr. No Name No. of Shares % shareholding 7 ADI Media Private Limited 9,90,375 8.43 Total 1,17,46,375 100

__________________________________________________________________________________________ Exemption Order in the matter of MPS Limited. Page 4 of 14 Trustee(s) Nishith Arora Self Anju Arora Spouse Beneficiaries Anju Arora Spouse Neha Rathor Daughter Aaryaman Rathor Grandson Amaira Rathor Granddaughter

Source: SecMarx — sebi:WTM/AB/CFD/05/2025-26. 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.