sebi:WTM/SM/CFD/DCR-2/14466/2021-22
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Facts / Headnote
Interim directions issued requiring the Acquirers to complete the public offer within 60 days, deposit INR 38,65,21,669 with interest into an escrow account, restrained from securities market dealings pending completion, and issued show cause notice for further directions including disgorgement.
Provisions invoked
- s. 19
- s. 11(1)
- s. 15Z
Regulations
- Reg. 15
- Reg. 23
- Reg. 15(2)
Parties
- Mr. Zafar Yunus Sareshwala
- Mr. Uves Yunus Sareshwala
Holding
SEBI directed the Acquirers to complete the public offer as mandated by the SEBI Order dated July 27, 2010 within 60 days, deposit INR 38,65,21,669 with 15% simple interest into an escrow account, and restrained them from securities market dealings pending completion of the offer.
Full text
_________________________________________________________________________________________ Interim Order in the matter of Parsoli Corporation Limited
_________________________________________________________________________________________ Interim Order in the matter of Parsoli Corporation Limited
_________________________________________________________________________________________ Interim Order in the matter of Parsoli Corporation Limited
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Source: SecMarx — sebi:WTM/SM/CFD/DCR-2/14466/2021-22. 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.