sebi:WTM/KCV/CFD/04/2025-26
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Facts / Headnote
Exemption granted 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 the four Acquirer Trusts from complying with sub-regulation (1) of regulation 3 and regulation 5 read with regulation 4 of the SAST Regulations, 2011 with respect to the proposed indirect acquisitions in RattanIndia Power Limited, subject to conditions, for a period of one year from the date of the order.
Full text
__________________________________________________________________________________________ Exemption Order in the matter of Rattanindia Power Limited. Page 2 of 15 regulation 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SAST Regulations, 2011”) was received by the Securities and Exchange Board of India (SEBI) from Rajiv Rattan Family Trust (Acquirer Trust 1), Rajiv Rattan Family Trust 2 (Acquirer Trust 2), Anjali Nashier Family Trust (Acquirer Trust 3) and Anjali Nashier Family Trust 2 (Acquirer Trust 4) (collectively referred as “Applicants” / “Acquirer Trusts” / “Proposed Acquirers”) in respect of proposed indirect acquisitions of shares in the Target Company by the Acquirer Trusts.
__________________________________________________________________________________________ Exemption Order in the matter of Rattanindia Power Limited. Page 3 of 15 (b) RattanIndia Enterprises Limited (REL) is holding 19.81% shares in the Target Company and is disclosed as a promoter of the Target Company.
__________________________________________________________________________________________ Exemption Order in the matter of Rattanindia Power Limited. Page 4 of 15 and discretionary private trusts. The details of the Settlors, Trustees and Beneficiaries of Acquirer Trusts are given below: Rajiv Rattan Family Trust (Acquirer Trust 1) Status Name Relationship with Settlor / Transferor Settlor/Transf eror Rajiv Rattan Self Trustee(s) Mr. Ram Kumar Parent of Spouse (Father-in- law) Ms. Anjali Nashier Wife Beneficiaries Ms. Anjali Nashier Wife Mr. Agatsya Rattan Nashier Son Mr. Dhruv Rattan Nashier Son Lineal descendants of Settlor Lineal descendants of Settlor
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Source: SecMarx — sebi:WTM/KCV/CFD/04/2025-26. 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.