https://www.taxtmi.com/caselaws?id=308960 The judgment recognized the acquisition of shares through the conversion of warrants as exempt under Regulation 3(1)(c) before the amendment. The acquirers were not found to have violated the Takeover Regulations. However, the acquired shares were subjected to a three-year lock-in period to ensure regulatory compliance and prevent potential misuse of exemptions. en-us Tue, 24 Aug 2004 00:00:00 +0530 Thu, 03 Aug 2023 13:00:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308960 The judgment recognized the acquisition of shares through the conversion of warrants as exempt under Regulation 3(1)(c) before the amendment. The acquirers were not found to have violated the Takeover Regulations. However, the acquired shares were subjected to a three-year lock-in period to ensure regulatory compliance and prevent potential misuse of exemptions. Case-Laws SEBI Tue, 24 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308960