https://www.taxtmi.com/caselaws?id=773774 SEBI granted exemption to GOI from mandatory open offer requirements under Regulation 3(1) of Takeover Regulations, 2011 for acquiring equity shares in a telecom company through conversion of outstanding spectrum auction dues. The Board treated this debt-to-equity conversion as equivalent to debt restructuring under Regulation 10(1)(i), citing public interest and need to ease liquidity constraints in the telecom sector. The exemption was granted considering substantial amounts owed to GOI and potential financial burden on the target company, while maintaining disclosure requirements under other applicable regulations. en-us Thu, 03 Apr 2025 00:00:00 +0530 Fri, 27 Jun 2025 17:30:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773774 SEBI granted exemption to GOI from mandatory open offer requirements under Regulation 3(1) of Takeover Regulations, 2011 for acquiring equity shares in a telecom company through conversion of outstanding spectrum auction dues. The Board treated this debt-to-equity conversion as equivalent to debt restructuring under Regulation 10(1)(i), citing public interest and need to ease liquidity constraints in the telecom sector. The exemption was granted considering substantial amounts owed to GOI and potential financial burden on the target company, while maintaining disclosure requirements under other applicable regulations. Case-Laws SEBI Thu, 03 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773774