sebi:WTM/PS/30/CFD/AUG/2013
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Facts / Headnote
Order dated July 05, 2013 corrected for typographical errors; Order to be read with this Corrigendum
Regulations
- Reg. 3(1)
Holding
The Order dated July 05, 2013 stands corrected as set out in sub-paragraphs (a) to (d) of paragraph 2 of the Corrigendum. The Order shall always be read with this Corrigendum.
Full text
SECURITIES AND EXCHANGE BOARD OF INDIA CORRIGENDUM TO THE ORDER DATED JULY 05, 2013 BEARING REFERENCE NO. WTM/PS/11/CFD/DCR-I/JULY/2013
1. Securities and Exchange Board of India (hereinafter referred to as "SEBI"), vide an Order dated July 05, 2013 bearing reference no. WTM/PS/11/CFD/DCR-I/July/2013 ("the Order") had granted exemption to the Acquirers, namely, Grandhi Varalakshmi Mallikarjuna Rao Trust, Srinivas Bommidala and Ramadevi Trust, Grandhi Buchi Sanyasi Raju and Satyavathi Smitha Trust, Grandhi Kiran Kumar and Ragini Trust and the GMR Family Fund Trust from complying with the requirements of regulation 3(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with respect to their proposed indirect acquisition of 273,62,21,862 equity shares of GMR Infrastructure Limited (the target company).
2. Subsequently, the Acquirers, through their authorised representatives, vide e-mail dated July 12, 2013 read with e-mail dated August 05, 2013, had pointed out certain typographical errors in the Order. The Acquirers have requested SEBI to consider correcting the Order in order to rectify the errors. I have perused the said representation and note that the errors are clerical and typographical in nature that have crept inadvertently in the Order. Accordingly, the Order stands corrected as follows : a) In paragraph 2 at page 1, in addition to the names of Trusts mentioned therein, the name of "GMR Family Fund Trust" shall also be added. b) In serial no. 2 of the second table at page 6, "The Srinivas Bommidala and Ramadevi Trust" shall be read as "SBR Trust" instead of "SMR Trust. Similarly, the said Trust mentioned as "SMR Trust" in the 2nd sentence of paragraph 10 at page 6 , shall also be read as "SBR Trust". c) Further, in the 2nd sentence of paragraph 10 at page 6, the aggregate percentage shareholding of the Trusts mentioned therein shall be read as "0.0001%" instead of "0.001%". d) In paragraph 14 at page 7, the face value of the equity shares of GMR Infrastructure Limited shall be read as " 1/- each" instead of " 10/- each".
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Source: SecMarx — sebi:WTM/PS/30/CFD/AUG/2013. 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.