sebi:WTM/SKM/CFD/23/2021-22
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Facts / Headnote
Exemption granted from complying with regulations 5 and 3(2) read with regulation 4 of the Takeover Regulations, 2011 for the proposed direct and indirect acquisition in Vadilal Industries Limited; Application dated May 29, 2020 and addendum dated December 16, 2020 disposed of.
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations
- Reg. 4
- Reg. 3
- Reg. 5
- Reg. 3(2)
- Reg. 31
- Reg. 11(5)
Holding
SEBI granted exemption to Rajesh Gandhi Family Trust from complying with regulations 5 and 3(2) read with regulation 4 of the Takeover Regulations, 2011 with respect to the proposed direct and indirect acquisition of shares in Vadilal Industries Limited, subject to conditions.
Full text
________________________________________________________________________________________________ Order in the matter of Vadilal Industries Limited Page 1 of 14
________________________________________________________________________________________________ Order in the matter of Vadilal Industries Limited Page 2 of 14
________________________________________________________________________________________________ Order in the matter of Vadilal Industries Limited Page 3 of 14
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Source: SecMarx — sebi:WTM/SKM/CFD/23/2021-22. 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.