Reliance Mediaworks Financial Services P. Ltd.
SAT-appeal
- Credit Suisse allegedly acquired 33.12% control of Prime Focus Ltd on pledge invocation without open offer and subsequent acquirers made undervalued open offer at Rs.44.15 for infrequently traded shares in violation of SAST Regulations.
- Credit Suisse allegedly acquired 33.12% control of Prime Focus via pledge invocation without open offer and then sold via undervalued open offer at Rs.44.15 for infrequently traded shares, claimed fair value Rs.150 / Rs.115.21Appeal: Appeal No.95 of 2021 with Misc. Applications 139-140 of 2021 and Appeal No.105 of 2021, reserved 3 March 2021, decided 24 March 2021
Source: SecMarx — Reliance Mediaworks Financial Services P. 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.