sebi:WTM/GM/CFD/DCR2/38/2020-21
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Facts / Headnote
Exemption granted
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations
- Reg. 4
- Reg. 3
- Reg. 201
- Reg. 3(2)
- Reg. 10(1)(a)(i)
- Reg. 31
- Reg. 11(5)
Holding
SEBI granted exemption to NK Minda Family Investment Trust and Suman Minda Family Investment Trust from complying with Regulations 3(2), 4 and 5 of the Takeover Regulations, 2011 with respect to the proposed direct and indirect acquisitions in Minda Industries Limited.
Full text
________________________________________________________________________________________________ Order in the matter of Minda Industries Limited Page 2 of 20 direct and indirect acquisition of shares in the Target Company was received by SEBI from NK Minda Family Investment Trust (“Acquirer 1”) and Suman Minda Family Investment Trust (“Acquirer 2”) (together referred to as “Acquirer Trusts / Proposed Acquirers”).
________________________________________________________________________________________________ Order in the matter of Minda Industries Limited Page 3 of 20 Acquisition of control.
________________________________________________________________________________________________ Order in the matter of Minda Industries Limited Page 4 of 20
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Source: SecMarx — sebi:WTM/GM/CFD/DCR2/38/2020-21. 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.