sebi:WTM/KCV/CFD/03/2025-26
Facts / Headnote
Exemption granted from open offer requirements under regulations 3, 4 and 5 of the Takeover Regulations, 2011, subject to conditions; application disposed of.
Provisions invoked
- s. 11
- s. 19
Regulations
- Reg. 4
- Reg. 11
- Reg. 3
- Reg. 5
- Reg. 31
Holding
SEBI granted exemption to Rohit Relan Family Trust from the requirements of sub-regulation (1) of regulation 3, regulation 4 and regulation 5 of the Takeover Regulations, 2011 with respect to the proposed direct acquisition of shares in Bharat Seats Limited, subject to conditions. The exemption is limited to open offer requirements and valid for one year from the date of the order.
Full text
__________________________________________________________________________________________ Exemption Order in the matter of Bharat Seats Limited. Page 2 of 12 matter of proposed direct acquisition of shares and voting rights in the Target Company by the Acquirer Trust.
__________________________________________________________________________________________ Exemption Order in the matter of Bharat Seats Limited. Page 3 of 12 discretionary, private trust. The details of the Settlors, Trustees and Beneficiaries of the Acquirer Trust are tabulated below:
__________________________________________________________________________________________ Exemption Order in the matter of Bharat Seats Limited. Page 4 of 12 (d) The direct acquisition of shares and voting rights in the Target Company by the Acquirer Trust is proposed to take place in the following manner:
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Source: SecMarx — sebi:WTM/KCV/CFD/03/2025-26. 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.