Sebi exempts family trust linked to Suprajit Engineering from making open offer
Markets regulator Sebi Thursday exempted a private family trust related to the promoter group of Suprajit Engineering from the obligation of making an open offer following its proposed acquisition of 38 per cent stake in the firm. Supriyajith Family Trust had sought exemption from the obligation of making open offer post acquisition of over 5.31 crore shares in Suprajit Engineering, a leading automotive supplier.Under the proposed acquisition, the trust would be acquiring 38 per cent shares of the firm from its promoters Ajith Kumar Rai and Supriya Ajith Rai, who…
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