sebi:WTM/SM/CFD/58/2021-22
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Facts / Headnote
Exemption granted from compliance with regulation 5(1) read with regulation 4 of the Takeover Regulations, 2011, subject to conditions; application disposed of.
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations
- Reg. 4
- Reg. 11
- Reg. 3
- Reg. 5(1)
- Reg. 5
- Reg. 11(5)
Holding
SEBI granted exemption to Vinod Agarwal Legacy Trust from the requirement of making an open offer under regulation 5(1) read with regulation 4 of the Takeover Regulations, 2011 in respect of the proposed indirect acquisition of shares in Available Finance Limited, subject to conditions.
Full text
_____________________________________________________________________________________________ Exemption Order in the matter of Available Finance Limited Page 1 of 11
_____________________________________________________________________________________________ Exemption Order in the matter of Available Finance Limited Page 2 of 11
_____________________________________________________________________________________________ Exemption Order in the matter of Available Finance Limited Page 3 of 11
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Source: SecMarx — sebi:WTM/SM/CFD/58/2021-22. 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.