sebi:WTM/GM/EFD/54/2018-19
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Facts / Headnote
Show Cause Notice dated May 12, 2017 disposed of without any directions against the noticees; no open offer directed.
Provisions invoked
- s. 372A
- s. 49
Regulations
- Reg. 4
- Reg. 2(1)(e)
- Reg. 5
- Reg. 3(1)
- Reg. 2(1)(q)
- Reg. 20
- Reg. 201
- Reg. 32
- Reg. 3(2)
- Reg. 2(1)
- Reg. 31A
Parties
- Relay B.V. (Noticee No. 1)
- Diageo group entities (Noticee No. 2)
Holding
The noticees (Diageo group) were not required to make an open offer under Regulation 4 of the SAST Regulations, 2011 on account of cessation of joint control to sole control, as the acquisition of control had already been notified in the First Open Offer. The Show Cause Notice was disposed of without any directions.
Full text
__________________________________________________________________________________________ Order in the matter of United Spirits Ltd.
__________________________________________________________________________________________ Order in the matter of United Spirits Ltd.
__________________________________________________________________________________________ Order in the matter of United Spirits Ltd.
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Source: SecMarx — sebi:WTM/GM/EFD/54/2018-19. 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.