sebi:WTM/KCV/CFD/05/2025-26
Facts / Headnote
Exemption granted from making an open offer under the SAST Regulations, 2011 for the proposed indirect acquisitions in RattanIndia Enterprises Limited, subject to conditions; application disposed of.
Provisions invoked
- s. 11
- s. 19
Regulations relied on
- SEBI (SAST) Regulations, 2011 — 11(5)
- SEBI (SAST) Regulations, 2011 — 3(1)
- SEBI (SAST) Regulations, 2011 — 4
- SEBI (SAST) Regulations, 2011 — 5(1)
Holding
SEBI granted exemption to the four Acquirer Trusts from the open offer requirements under sub-regulation (1) of regulation 3 and regulation 5 read with regulation 4 of the SAST Regulations, 2011 in respect of the proposed indirect acquisition of shares and control in RattanIndia Enterprises Limited, subject to specified conditions and a one-year validity period.
Full text
__________________________________________________________________________________________ Order in the matter of Rattanindia Enterprises Limited. Page 2 of 15 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.
__________________________________________________________________________________________ Order in the matter of Rattanindia Enterprises Limited. Page 3 of 15 (b) Arbutus Consultancy LLP (Arbutus) and Nettle Constructions Private Limited (Nettle) are part of Promoter and Promoter group of the Target Company.
__________________________________________________________________________________________ Order in the matter of Rattanindia Enterprises Limited. Page 4 of 15 Rajiv Rattan Family Trust (Acquirer Trust 1) Status Name Relationship Settlor/Transferor 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/05/2025-26. 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.