Economic TimesLean R·
Muthoot Microfin case: Sebi exempts six family trusts from open offer obligation
Sebi has exempted six Muthoot family trusts from an open offer requirement. This exemption pertains to the indirect acquisition of shares in Muthoot Microfin. The restructuring involves multiple share transfers among family trusts and spouses. Muthoot Fincorp's board approved an IPO, necessitating transaction structure changes. The exemption is valid for one year and subject to reporting conditions.
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