sebi:WTM/ASB/CFD/3/2024-25
Facts / Headnote
Exemption granted from complying with regulations 3(1), 4 and 5(1) of the Takeover Regulations, 2011 for the proposed indirect acquisition in Nuvoco Vistas Corporation Limited, subject to conditions; application disposed of.
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations relied on
- SEBI (SAST) Regulations, 2011 — 3(1)
- SEBI (SAST) Regulations, 2011 — 4
- SEBI (SAST) Regulations, 2011 — 5(1)
Holding
SEBI granted exemption to Mr. Hiren Karsanbhai Patel from complying with regulations 3(1), 4 and 5(1) of the Takeover Regulations, 2011 with respect to the proposed indirect acquisition in Nuvoco Vistas Corporation Limited, subject to conditions including completion within one year.
Full text
________________________________________________________________________________________________ Exemption Order in the matter of Nuvoco Vistas Corporation Limited Page 2 of 10 paid-up capital of the Target Company and the remaining 27.98% is held by public shareholders. (b) The shareholding pattern of Target Company is as follows: S. No. Name of shareholder No. of shares Percentage of Shareholding (%) Promoter and Promoter group
________________________________________________________________________________________________ Exemption Order in the matter of Nuvoco Vistas Corporation Limited Page 3 of 10 S. No. Name of shareholder No. of shares Percentage of Shareholding (%)
________________________________________________________________________________________________ Exemption Order in the matter of Nuvoco Vistas Corporation Limited Page 4 of 10
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Source: SecMarx — sebi:WTM/ASB/CFD/3/2024-25. 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.