sebi:WTM/SM/CFD/48/2021-22
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Facts / Headnote
Exemption granted to Falcon Trust and Trinity Trust from complying with regulation 3(1) read with regulation 4 of the Takeover Regulations, 2011, subject to conditions; Application dated July 29, 2021 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 Falcon Trust and Trinity Trust from the requirement of making an open offer under regulation 3(1) read with regulation 4 of the Takeover Regulations, 2011 for the proposed acquisition of 40.99% equity shares in Supreme Holdings & Hospitality (India) Limited, subject to conditions.
Full text
_____________________________________________________________________________________________ Exemption Order in the matter of Supreme Holdings & Hospitality (India) Limited
_____________________________________________________________________________________________ Exemption Order in the matter of Supreme Holdings & Hospitality (India) Limited
_____________________________________________________________________________________________ Exemption Order in the matter of Supreme Holdings & Hospitality (India) Limited
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Source: SecMarx — sebi:WTM/SM/CFD/48/2021-22. 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.