sebi:WTM/ASB/CFD/13/2024-25

SEBI · SEBI · 2024-09-30 · Ashwani Bhatia, Whole Time Member

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Exemption granted

Provisions invoked

• s. 19
• s. 11(1)
• s. 11(2)

Regulations

• Reg. 4
• Reg. 3
• Reg. 11(1)
• Reg. 2(1)(l)
• Reg. 10(1)(a)
• Reg. 10(1)(a)(i)
• Reg. 11(5)

Holding

Exemption was granted to Ms. Roshni Nadar Malhotra from complying with regulations 4 and 5(1) of the Takeover Regulations, 2011 with respect to the proposed indirect acquisition in International Data Management Limited via gift of 9,400 shares representing 47% of HCL Corporation Private Limited from Mr. Shiv Nadar.

Full text

__________________________________________________________________________________________ Exemption Order in the matter of International Data Management Ltd. Page 2 of 9 (b) The shareholding pattern of the Target Company, as on September 30, 2024 (Source: BSE Website), is as follows: S. No. Name of shareholder No. of shares held Percentage of Shareholding (%) Promoter and Promoter group

__________________________________________________________________________________________ Exemption Order in the matter of International Data Management Ltd. Page 3 of 9 (f) The shareholding pattern of HCL Corp, before and after the abovementioned proposed acquisition, would be as follows:

__________________________________________________________________________________________ Exemption Order in the matter of International Data Management Ltd. Page 4 of 9 requirements for availing the general exemption under regulation 10(1)(a)(i) of the Takeover Regulations, 2011.

Source: SecMarx — sebi:WTM/ASB/CFD/13/2024-25. 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.