sebi:WTM/SM/CFD/49/2021-22
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Facts / Headnote
Exemption granted to the Proposed Acquirers from complying with regulations 3(1) and 5(1) read with regulation 4 of the Takeover Regulations, 2011 for the proposed direct and indirect acquisition in Genus Power Infrastructures Limited and Genus Paper & Boards Limited, subject to conditions; Application dated May 31, 2021 disposed of.
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations
- Reg. 4
- Reg. 3
- Reg. 31
- Reg. 11(5)
- Reg. 10(1)(a)
Holding
SEBI granted exemption to the three Shantishwaram Family Trusts from the open offer requirements under regulations 3(1), 4 and 5(1) of the Takeover Regulations, 2011 for their proposed direct and indirect acquisition of shares in Genus Power Infrastructures Limited and Genus Paper & Boards Limited, subject to specified conditions.
Full text
_____________________________________________________________________________________________ Exemption Order in the matter of Genus Power Infrastructures Limited and Genus Paper & Boards Limited
_____________________________________________________________________________________________ Exemption Order in the matter of Genus Power Infrastructures Limited and Genus Paper & Boards Limited
_____________________________________________________________________________________________ Exemption Order in the matter of Genus Power Infrastructures Limited and Genus Paper & Boards Limited
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Source: SecMarx — sebi:WTM/SM/CFD/49/2021-22. 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.