Plus Corporate Ventures Pvt. Ltd.

2 matters before the Securities Appellate Tribunal

SAT-appeal

Challenge to the open-offer price and interest payable in relation to Golden Tobacco Ltd.'s delayed open offer. Appellant sought a revised price of Rs. 800 per share and interest for all shareholders.
Appeal No. 220 of 2019 dismissed · No order on costs
Appeal: Appeal No. 220 of 2019 decided and dismissed by SAT on 11 December 2019; earlier acquirer appeal against SEBI's withdrawal refusal was dismissed by SAT on 6 August 2014, and the Supreme Court dismissed the consequential appeal on 7 November 2016 and review petition on 1 February 2017.
Takeover / open offer dispute re Golden Tobacco Ltd involving valuation of shares and withdrawal of open offer
Correct para 5 of 11 Dec 2019 order: substitute GTL with acquirer re valuation of shares · Correct para 7 of 11 Dec 2019 order: substitute appellant with acquirer re withdrawal of open offer
Appeal: Misc. Application No.27 of 2020 in Appeal No.220 of 2019; hearing 07.02.2020, decision 11.02.2020 disposing review of Tribunal order dated 11.12.2019

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Source: SecMarx — Plus Corporate Ventures Pvt. 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.