sebi:WTM/SM/CFD/01/2023-24
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Facts / Headnote
Exemption granted from regulation 3(1) of the Takeover Regulations, 2011 subject to conditions
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations
- Reg. 11(1)
- Reg. 3(1)
- Reg. 11(5)
Holding
SEBI granted exemption to the Acquirers from the requirement of making an open offer under regulation 3(1) of the Takeover Regulations, 2011 in connection with the proposed acquisition of equity shares of Bhandari Hosiery Exports Limited through a proposed Rights Issue, subject to certain conditions.
Full text
___________________________________________________________________________________________ Exemption Order in the matter of Bhandari Hosiery Exports Limited Page 2 of 8
___________________________________________________________________________________________ Exemption Order in the matter of Bhandari Hosiery Exports Limited Page 3 of 8
___________________________________________________________________________________________ Exemption Order in the matter of Bhandari Hosiery Exports Limited Page 4 of 8
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Source: SecMarx — sebi:WTM/SM/CFD/01/2023-24. 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.