Sebi exempts family trust related to Batliboi from making open offer
New Delhi, Jul 5 (DIN NEWS) Market regulator Sebi today exempted a private family trust related to the promoter group of Batliboi Ltd from the obligation of making an open offer following its proposed acquisition of additional 49.55 per cent stake in the firm. Bhogilal Family Trust had sought exemption from the obligation of making open offer post acquisition of certain number of shares in Batliboi Ltd. Under the proposed acquisition, the trust would be acquiring 49.55 per cent equity shares of Batliboi Ltd from the company’s promoter Nirmal Bhogilal,…
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