sebi:WTM/SKM/CFD/37/2021-22
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Facts / Headnote
Exemption granted from complying with regulation 3(1) and regulation 4 of the Takeover Regulations, 2011 for the proposed acquisitions of shareholding in Gulshan Polyols Limited, subject to conditions; application disposed of.
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations
- Reg. 4
- Reg. 3
- Reg. 3(1)
- Reg. 31
- Reg. 11(5)
- Reg. 10(1)(a)
Holding
SEBI granted exemption to the four proposed Acquirer Trusts from the requirement of making an open offer under regulation 3(1) and regulation 4 of the Takeover Regulations, 2011 in respect of the proposed acquisition of shares in Gulshan Polyols Limited, subject to specified conditions.
Full text
_______________________________________________________________________________________________________ Order in the matter of Gulshan Polyols Limited
_______________________________________________________________________________________________________ Order in the matter of Gulshan Polyols Limited
_______________________________________________________________________________________________________ Order in the matter of Gulshan Polyols Limited
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Source: SecMarx — sebi:WTM/SKM/CFD/37/2021-22. 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.