sebi:WTM/SM/CFD/50/2021-22
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Facts / Headnote
Exemption granted from compliance with regulation 3(2) of the Takeover Regulations, 2011 for the proposed acquisition; Application dated June 28, 2021 read with other submissions disposed of.
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations
- Reg. 3(2)
- Reg. 31
- Reg. 11(5)
Holding
SEBI granted exemption to Anived Family Trust from complying with regulation 3(2) of the Takeover Regulations, 2011 with respect to the proposed direct acquisition of 21.87% equity shares in Renaissance Global Limited from Mr. Sumit Niranjan Shah, subject to conditions. The exemption is limited to the open offer requirement and does not extend to disclosure requirements under Chapter V of the Takeover Regulations.
Full text
________________________________________________________________________________________________ Exemption Order in the matter of Renaissance Global Limited Page 1 of 11
________________________________________________________________________________________________ Exemption Order in the matter of Renaissance Global Limited Page 2 of 11
________________________________________________________________________________________________ Exemption Order in the matter of Renaissance Global Limited Page 3 of 11
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Source: SecMarx — sebi:WTM/SM/CFD/50/2021-22. 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.