sebi:WTM/SKM/CFD/09/2020-21
Facts / Headnote
Exemption granted
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations relied on
- SEBI (SAST) Regulations, 2011 — 11(5)
Holding
Exemption was granted to Sameer Gehlaut IVL Trust from the obligation to make an open offer under regulation 5(1) read with regulation 3(2) and regulation 4 of the Takeover Regulations, 2011 for the proposed indirect acquisition of 23.51% in Dhani Services Limited through Inuus Developers Private Limited, subject to conditions.
Full text
_____________________________________________________________________________________________ Order in the matter of Dhani Services Limited (earlier known as Indiabulls Ventures Limited) Page 1 of 12 WTM/SKM/CFD/09/2020-21
_____________________________________________________________________________________________ Order in the matter of Dhani Services Limited (earlier known as Indiabulls Ventures Limited) Page 2 of 12
_____________________________________________________________________________________________ Order in the matter of Dhani Services Limited (earlier known as Indiabulls Ventures Limited) Page 3 of 12
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Source: SecMarx — sebi:WTM/SKM/CFD/09/2020-21. 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.