sebi:WTM/SM/CFD/39/2021-22
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Facts / Headnote
Exemption granted from regulation 3(1) of the Takeover Regulations, 2011 in connection with the proposed acquisition of equity shares in the proposed Rights Issue, subject to conditions; application disposed of.
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations
- Reg. 3
- Reg. 11(1)
- Reg. 3(1)
- Reg. 11(5)
Holding
SEBI granted exemption to the Acquirers from complying with regulation 3(1) of the Takeover Regulations, 2011 in connection with the proposed acquisition of equity shares of Som Distilleries and Breweries Limited in the proposed Rights Issue, subject to conditions including pro rata offer, maintaining promoter shareholding at not more than 75%, and filing a report with SEBI within 21 days of acquisition.
Full text
_____________________________________________________________________________________________ Order in the matter of Som Distilleries and Breweries Limited Page 1 of 8
_____________________________________________________________________________________________ Order in the matter of Som Distilleries and Breweries Limited Page 2 of 8
_____________________________________________________________________________________________ Order in the matter of Som Distilleries and Breweries Limited Page 3 of 8
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Source: SecMarx — sebi:WTM/SM/CFD/39/2021-22. 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.