Mr. Arun Soni

2 matters before the Securities Appellate Tribunal

SAT-appeal

Promoters/acquirers increased holding from 25.08% to 33.93% by acquiring 8.85% in FY 2005-06 exceeding 5% threshold without public announcement/open offer under Reg 11(1) SAST 1997.
Delay condoned; Misc. Applications 337/2018, 360/2018, 525/2019 allowed · WTM common order dated 2 August 2018 directing open offer held unsustainable
Promoters/acquirers collectively acquired 8.85% in FY 2005-06 raising holding from 25.08% to 33.93%, crossing 5% threshold without public announcement/open offer under Regulation 11(1) SAST 1997.
SAT held impugned WTM order cannot be sustained and set aside direction to make open offer · Misc. Applications 337/2018, 360/2018, 525/2019 allowed condoning delay in filing appeals

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Source: SecMarx — Mr. Arun Soni. 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.