sebi:WTM/SKM/CFD/22/2021-22
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Exemption granted from complying with regulations 3(2) read with regulation 3(3) of the Takeover Regulations, 2011, subject to conditions; application disposed of.
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations
- Reg. 3
- Reg. 3(3)
- Reg. 201
- Reg. 3(2)
- Reg. 31
- Reg. 11(5)
Holding
SEBI granted exemption to the three Acquirer Trusts from the open offer requirements under regulations 3(2) read with 3(3) of the Takeover Regulations, 2011 for the proposed acquisition of 74.25% of shares in H.G. Infra Engineering Limited from Mr. Hodal Singh, subject to conditions.
Full text
________________________________________________________________________________________________ Order in the matter of H.G. Infra Engineering Limited Page 1 of 14
________________________________________________________________________________________________ Order in the matter of H.G. Infra Engineering Limited Page 2 of 14
________________________________________________________________________________________________ Order in the matter of H.G. Infra Engineering Limited Page 3 of 14
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:WTM/SKM/CFD/22/2021-22. 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.