Ahluwalia Builders & Development Group Pvt. Ltd.

SAT-appeal

• Creeping acquisition beyond 5% in 12 months by 15%+/55%+ holders with PACs without public announcement under Reg 11 read with Reg 14 of SAST Regulations, 1997
• Creeping acquisition beyond 5% in 12 months by 15%-75% holders without public announcement under Reg 11(1)/11(2) r/w 14(1) SAST Regulations, 1997
  14 appeals heard together and disposed by common SAT order dated 14.10.2016 (operative result truncated in excerpt)
  Appeal: 14 Appeals Nos. 470, 471, 472, 474, 475, 476, 477, 478, 479, 481, 482, 483, 484, 485 of 2015 heard together, SAT order dated 14.10.2016
• Acquisition of >5% shares in 12 months by 15%-75% holders (and 55%-75% holders) without public announcement under Reg 11(1)/11(2) r/w Reg 14(1) SAST Regulations, 1997.
  Appeal: 14 appeals Nos. 470,471,472,474,475,476,477,478,479,481,482,483,484,485 of 2015 taken together and disposed by common SAT order dated 14.10.2016