Sycamore Management Corporation

SAT-appeal

• Alleged suppression of material information regarding the background, experience and alleged control of the acquirer in the 2008 open-offer documents, allegedly violating takeover disclosure obligations.
  Appeal Nos. 354 to 357 of 2022 dismissed · WTM order dated March 31, 2022 rejecting the complaints effectively upheld
  Appeal: Appeal Nos. 354, 355, 356 and 357 of 2022 dismissed by SAT on November 7, 2023; no order as to costs.
• Alleged suppression of material information regarding the background and control of the acquirer in the 2008 open-offer documents, allegedly violating takeover disclosure obligations.
  All four appeals dismissed · No direction for a fresh open offer
  Appeal: Appeal Nos. 354, 355, 356 and 357 of 2022 dismissed by SAT on 7 November 2023.
• Alleged suppression of material facts concerning the identity and background of the persons controlling the acquirer in the 2008 open-offer documents, allegedly violating takeover disclosure obligations.
  All four appeals dismissed. · No order as to costs.
  Appeal: Appeal Nos. 354, 355, 356 and 357 of 2022 dismissed by SAT on 7 November 2023.
• Acquirer India Star and merchant banker allegedly suppressed material facts in 2008 open offer documents for Global Offshore Services Ltd., including ultimate control by Sycamore and background of director Ravi Pratap Singh.
  Appeal Nos. 354, 355, 356 and 357 of 2022 dismissed · No direction for fresh open offer; no order as to costs
  Appeal: SEBI's Civil Appeal against SAT order dated 02.02.2018 dismissed by Supreme Court judgment dated 01.12.2021