https://www.taxtmi.com/caselaws?id=773777 Exemption from open offer obligations was granted for proposed intra-promoter trust transfers where the acquisitions formed part of an internal reorganisation within the promoter family through irrevocable discretionary trusts. Because the trustees and beneficiaries were promoters or their immediate relatives and lineal descendants, and the transactions did not alter overall promoter group holding, public shareholding, or control of the target company, the requirements under Regulations 3(1) and 4 of the Takeover Regulations were treated as satisfied for exemption purposes. The relief was granted subject to the stated SEBI conditions, continuing compliance obligations, and time-bound implementation safeguards. en-us Wed, 30 Apr 2025 00:00:00 +0530 Sat, 28 Jun 2025 08:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773777 Exemption from open offer obligations was granted for proposed intra-promoter trust transfers where the acquisitions formed part of an internal reorganisation within the promoter family through irrevocable discretionary trusts. Because the trustees and beneficiaries were promoters or their immediate relatives and lineal descendants, and the transactions did not alter overall promoter group holding, public shareholding, or control of the target company, the requirements under Regulations 3(1) and 4 of the Takeover Regulations were treated as satisfied for exemption purposes. The relief was granted subject to the stated SEBI conditions, continuing compliance obligations, and time-bound implementation safeguards. Case-Laws SEBI Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773777