Ferryden International Ltd.

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Chief General Manager to pass order pursuant to SAT order dated May 12, 2023 on or before September 30, 2023
Appellants directed to make an open offer to shareholders of Electrotherm (India) Ltd.
Pay 10% annual interest from 12 March 2007 on consideration payable to shareholders whose shares are accepted in the open offer

SAT-appeal

SAT matter SATV-F754D1F4C3A26CE9CEA80F50
Misc. Application No. 1055 of 2023 allowed · Chief General Manager to pass order pursuant to SAT order dated May 12, 2023 on or before September 30, 2023
Appeal: Misc. Application No. 1055 of 2023 in Appeal No. 442 of 2023 - allowed and disposed off on 24.08.2023
Failure to make the mandatory public announcement and open offer after acquiring more than 15% of Electrotherm (India) Ltd. through acquisition of Castleshine Pte Ltd. and Leadheaven Pte Ltd.
Appeal dismissed at the admission stage · Appellants directed to make an open offer to shareholders of Electrotherm (India) Ltd.
Appeal: Appeal No. 442 of 2023 decided on 12 May 2023; appeal dismissed

Analyse these matters in Ontology · Plans

Source: SecMarx — Ferryden International Ltd.. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.