sebi:WTMO/29/CFD/3/04
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Facts / Headnote
Exemption granted from complying with Regulation 11 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997
Provisions invoked
- s. 19
- s. 81
- s. 173
Regulations
- Reg. 4
- Reg. 11
- Reg. 30A
- Reg. 4(6)
Holding
SEBI granted exemption to the acquirers (promoters, their relatives and associate companies of Govind Rubber Ltd) from complying with Regulation 11 of the Takeover Regulations in respect of the proposed acquisition of shares and voting rights through a CDR-approved revival package.
Full text
Home » Enforcement » Orders » Orders of Chairman/Members Enforcement Enforcement▼ In The Matter Of Proposed Acquisition Of Shares Of Govind Rubber Limited - Exemption From The Provisions Of Regulation 11 Of The SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 1997 Mar 12, 2004 | Orders : Orders of Chairman/Members SECURITIES AND EXCHANGE BOARD OF INDIA
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March 31, 2002. The revival package initially put forward by the company was not acceptable to the lenders. Subsequently a revised revival package was forwarded to the CDR and the same has been approved by CDR.
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Source: SecMarx — sebi:WTMO/29/CFD/3/04. 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.