sebi:WTM/SKM/CFD/07/2020-21
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Facts / Headnote
Exemption granted from complying with regulation 5(1) read with regulation 3(1) & regulation 4 of the Takeover Regulations, 2011 for the proposed indirect acquisition; Application disposed of.
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations
- Reg. 4
- Reg. 3
- Reg. 5
- Reg. 5(1)
- Reg. 3(1)
- Reg. 31
- Reg. 11(5)
Holding
SEBI granted exemption to Sameer Gehlaut IIS Trust from the requirement of making an open offer under regulation 5(1) read with regulation 3(1) & regulation 4 of the Takeover Regulations, 2011 in respect of the proposed indirect acquisition of 43.08% shares in Indiabulls Integrated Services Limited (now Yaarii Digital Integrated Services Limited) through Meru Minerals Private Limited, subject to conditions.
Full text
_____________________________________________________________________________________________ Order in the matter of Indiabulls Integrated Services Ltd. (now known as Yaarii Digital Integrated Services Limited)
_____________________________________________________________________________________________ Order in the matter of Indiabulls Integrated Services Ltd. (now known as Yaarii Digital Integrated Services Limited)
_____________________________________________________________________________________________ Order in the matter of Indiabulls Integrated Services Ltd. (now known as Yaarii Digital Integrated Services Limited)
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Source: SecMarx — sebi:WTM/SKM/CFD/07/2020-21. 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.