sebi:WTM/GM/EFD/31/2018-19
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Directions issued: noticee to make public announcement of open offer within 45 days and pay interest at 10% per annum to accepting shareholders
Provisions invoked
- s. 19
Regulations
- Reg. 44
- Reg. 2(1)(c)
- Reg. 12
- Reg. 14(3)
- Reg. 32
Parties
- Vishwaprasad Commercial Private Limited (VCPL)
Holding
VCPL indirectly acquired control over NDTV Ltd. by entering into the Loan Agreement with RRPR and parallel Call Option agreements on 21 July 2009, thereby triggering an obligation to make a public announcement of an open offer under Regulation 12 read with Regulation 14(3) of the SEBI (SAST) Regulations, 1997.
Full text
__________________________________________________________________________________________ Order in the matter of NDTV Ltd.
__________________________________________________________________________________________ Order in the matter of NDTV Ltd.
__________________________________________________________________________________________ Order in the matter of NDTV Ltd.
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Source: SecMarx — sebi:WTM/GM/EFD/31/2018-19. 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.