sebi:WTM/SM/CFD/4/2022-23
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Facts / Headnote
Exemption granted from complying with regulation 5(1) read with regulation 3(1) & regulation 4 of the Takeover Regulations, 2011 for the proposed direct and indirect acquisitions in Greenply Industries Limited, subject to conditions; application disposed of.
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations
- Reg. 4
- Reg. 3
- Reg. 10
- Reg. 5(1)
- Reg. 3(1)
- Reg. 31
- Reg. 11(5)
Holding
SEBI granted Mittal Business Holdings Trust exemption from the open offer requirements under regulation 5(1) read with regulation 3(1) & regulation 4 of the Takeover Regulations, 2011 for the proposed direct and indirect acquisition of shares in Greenply Industries Limited, subject to conditions including completion within 6 months.
Full text
_____________________________________________________________________________________________ Order in the matter of Greenply Industries Limited Page 1 of 11 WTM/SM/CFD/ 4 /2022-23
_____________________________________________________________________________________________ Order in the matter of Greenply Industries Limited Page 2 of 11
_____________________________________________________________________________________________ Order in the matter of Greenply Industries Limited Page 3 of 11 Karuna Mittal 7,10,600 0.58 Showan Investment Pvt. Ltd. 4,64,17,179 37.85 Other Promoter 1,18,64,201 9.68 Mittal Business Holdings Trust - - Total Promoter & Promoter Group 6,41,20,530 52.29 Public Shareholding 5,85,06,865 47.71 TOTAL 12,26,27,395 100.00
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Source: SecMarx — sebi:WTM/SM/CFD/4/2022-23. 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.