sebi:WTM/SKM/CFD/45/2021-22
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Facts / Headnote
Exemption granted from the open offer obligation under Regulation 3(2) of the Takeover Regulations, subject to conditions; application disposed of.
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations
- Reg. 11
- Reg. 3
- Reg. 11(1)
- Reg. 3(1)
- Reg. 3(2)
- Reg. 38
- Reg. 11(5)
Holding
SEBI granted exemption to the Government of Jammu and Kashmir (Proposed Acquirer/Promoter) from the open offer obligation under Regulation 3(2) of the Takeover Regulations with respect to the proposed acquisition of 6.06% equity shares in Jammu and Kashmir Bank Limited during Financial Year 2021-22 through preferential allotment, subject to conditions.
Full text
__________________________________________________________________________________________ Exemption Order in the matter of Jammu and Kashmir Bank Limited
__________________________________________________________________________________________ Exemption Order in the matter of Jammu and Kashmir Bank Limited
__________________________________________________________________________________________ Exemption Order in the matter of Jammu and Kashmir Bank Limited
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Source: SecMarx — sebi:WTM/SKM/CFD/45/2021-22. 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.