sebi:WTM/SKM/CFD/35/2021-22
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Facts / Headnote
Exemption granted to the Proposed Acquirer from complying with regulations 3(2) and 5(1) read with regulation 4 of the Takeover Regulations, 2011, subject to conditions; application disposed of.
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
- s. 31
Regulations
- Reg. 4
- Reg. 3
- Reg. 201
- Reg. 3(2)
- Reg. 31
- Reg. 11(5)
Holding
SEBI granted exemption to Resolute Enterprises Trust from the open offer requirements under regulations 3(2) and 5(1) read with regulation 4 of the Takeover Regulations, 2011 for its proposed acquisition of 5.11% shares directly and 26.39% indirectly in Sanghi Industries Limited, subject to conditions.
Full text
________________________________________________________________________________________ Order in the matter of Sanghi Industries Limited – Resolute Enterprises Trust Page 1 of 12
________________________________________________________________________________________ Order in the matter of Sanghi Industries Limited – Resolute Enterprises Trust Page 2 of 12
________________________________________________________________________________________ Order in the matter of Sanghi Industries Limited – Resolute Enterprises Trust Page 3 of 12
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Source: SecMarx — sebi:WTM/SKM/CFD/35/2021-22. 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.