sebi:WTM/PS/IVD/ID-2/20/NOV/09
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Facts / Headnote
Show cause notice dated August 27, 2008 disposed of without passing any direction against Roopshri Finvest Private Limited
Provisions invoked
- s. 11
Regulations
- Reg. 7(1)
- Reg. 44
- Reg. 45(6)
Parties
- Roopshri Finvest Private Limited
Holding
The alleged violations of Regulation 7(1) and 10 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 by Roopshri Finvest Private Limited were not established, as its demat account statement did not reflect acquisition of more than 5% of equity capital of MSOL at any time during the investigation period. The show cause notice was disposed of without passing any direction against it.
Full text
Page 2 of 7 shares of MSOL by Roopshri Finvest Private Limited had exceeded 5.96% of paid up capital of the company on February 22, 2001 when Roopshri Finvest Private Limited purchased 3,50,000 shares in settlement no. 231 and its holdings continued to be in excess of 5% ever thereafter until settlement no. 28 ending on October 05, 2001 as detailed in the annexure 1 to the show cause notice.
Page 3 of 7 V. Clients had purchased shares at high rates and were not making any payments on pay-in day. Hence same shares had to be sold at that time to facilitate and then had to be repurchased when the client made payment
Page 4 of 7 PHYSICAL / 0001042 15/01/2001 127811 To STOCK HLDG CORP OF I LTD / 14347462 50000 513416 29242400 1.75 22/01/2001 150149 To STOCK HLDG CORP OF I LTD / 14347462 50000 463416 29242400 1.58 26/01/2001 166016 By KARVY STOCK BROKING LIMITED / 10295989 5000 468416 29242400 1.60 1/2/2001 184057 To STOCK HLDG CORP OF I LTD / 14347462 100000 368416 29242400 1.25 5/2/2001 493136 By Dematerialisation 1600 370016 29242400 1.26 8/2/2001 211747 To IL&FS SECURITIES SERVICES LIMITED / 10470235 100000 270016 29242400 0.92 10/2/2001 218201 To STOCK HLDG CORP OF I LTD / 14347462 100000 170016 29242400 0.58 12/2/2001 224473 By CM KEYNOTE CAPITALS LTD, PHYSICAL / 0001036 29325 199341 29242400 0.68 12/2/2001 224474 By CM KEYNOTE CAPITALS LTD, PHYSICAL / 0001037 88210 287551 29242400 0.98 12/2/2001 224476 By CM KEYNOTE CAPITALS LTD, PHYSICAL / 0001038 120790 408341 29242400 1.39 12/2/2001 224477 By CM KEYNOTE CAPITALS LTD, PHYSICAL / 0001033 101875 510216 29242400 1.74 12/2/2001 224478 By CM KEYNOTE CAPITALS LTD, PHYSICAL / 0001041 18840 529056 29242400 1.80 12/2/2001 224479 By CM KEYNOTE CAPITALS LTD, PHYSICAL / 0001040 144100 673156 29242400 2.30 12/2/2001 224481 By CM KEYNOTE CAPITALS LTD, PHYSICAL / 0001042 45699 718855 29242400 2.45 12/2/2001 224482 By CM KEYNOTE CAPITALS LTD, PHYSICAL / 0001043 47300 766155 29242400 2.62 12/2/2001 224483 By CM KEYNOTE CAPITALS LTD, PHYSICAL / 0001032 44900 811055 29242400 2.77 12/2/2001 224484 By CM KEYNOTE CAPITALS LTD, PHYSICAL / 0001034 97451 9
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Source: SecMarx — sebi:WTM/PS/IVD/ID-2/20/NOV/09. 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.