sebi:WTM/GM/CFD/5/2020-21
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. 11
- Reg. 3
- Reg. 201
- Reg. 3(1)
- Reg. 31
- Reg. 11(5)
Holding
SEBI granted exemption to Ashok Todi Family Trust, Ashok Bimla Todi Family Trust, Pradip Todi Family Trust and Pradip Shobha Todi Family Trust from complying with Regulations 3 and 4 of the Takeover Regulations 2011 for proposed acquisition of 1,20,00,000 shares (47.52%) in Lux Industries Limited by way of settlement/contribution.
Full text
________________________________________________________________________________________________ Order in the matter of Lux Industries Limited
________________________________________________________________________________________________ Order in the matter of Lux Industries Limited
________________________________________________________________________________________________ Order in the matter of Lux Industries Limited
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Source: SecMarx — sebi:WTM/GM/CFD/5/2020-21. 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.