sebi:WTM/SKM/CFD/47/2021-22
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Facts / Headnote
Exemption granted from complying with regulations 3, 4 and 5(1) of the Takeover Regulations, 2011, 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. 201
- Reg. 31
- Reg. 11(5)
Holding
SEBI granted exemption to SP Oswal Trust and Shakun Oswal Trust from complying with regulations 3, 4 and 5(1) of the Takeover Regulations, 2011 in respect of proposed indirect acquisitions of shares in Vardhman Textiles Limited, Vardhman Holdings Limited, Vardhman Acrylics Limited and Vardhman Special Steels Limited, subject to conditions.
Full text
________________________________________________________________________________________________ Order in the matter of Vardhman Textiles Limited, Vardhman Holdings Limited, Vardhman Acrylics Limited and Vardhman Special Steels Limited Page 2 of 12
________________________________________________________________________________________________ Order in the matter of Vardhman Textiles Limited, Vardhman Holdings Limited, Vardhman Acrylics Limited and Vardhman Special Steels Limited Page 3 of 12
________________________________________________________________________________________________ Order in the matter of Vardhman Textiles Limited, Vardhman Holdings Limited, Vardhman Acrylics Limited and Vardhman Special Steels Limited Page 4 of 12
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Source: SecMarx — sebi:WTM/SKM/CFD/47/2021-22. 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.