https://www.taxtmi.com/caselaws?id=774422 SEBI granted exemption to two family trusts from mandatory open offer requirements under Takeover Regulations 2011 for proposed direct and indirect acquisition of shares in a target company. The exemption was granted under Section 19 read with Section 11 of SEBI Act 1992 and Regulation 11(5) of Takeover Regulations 2011. The exemption is subject to conditions including compliance with Companies Act 2013, filing acquisition report within 21 days, ensuring truthfulness of statements, and completing acquisition within one year. The exemption is limited to open offer requirements only and does not cover disclosure obligations or other regulatory compliance requirements. en-us Wed, 30 Apr 2025 00:00:00 +0530 Wed, 09 Jul 2025 08:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774422 SEBI granted exemption to two family trusts from mandatory open offer requirements under Takeover Regulations 2011 for proposed direct and indirect acquisition of shares in a target company. The exemption was granted under Section 19 read with Section 11 of SEBI Act 1992 and Regulation 11(5) of Takeover Regulations 2011. The exemption is subject to conditions including compliance with Companies Act 2013, filing acquisition report within 21 days, ensuring truthfulness of statements, and completing acquisition within one year. The exemption is limited to open offer requirements only and does not cover disclosure obligations or other regulatory compliance requirements. Case-Laws SEBI Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774422