DCM Shriram International: SEBI Takeover Regulation 10(6) Disclosure of Exempted Acquisition
Under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, acquisitions that would otherwise trigger a mandatory public offer may be exempted under Regulation 10 if they meet specified criteria (e.g., acquisitions by promoters, existing shareholders, or in certain restructuring contexts). Even when exempted, Regulation 10(6) mandates disclosure to the stock exchange. The filing confirms Alok Bansidhar Shriram's compliance with this disclosure requirement.
Why it mattersRegulation 10 exemptions under SAST-commonly used for acquisitions within promoter families or in locked-in scenarios-must still be publicly disclosed; non-compliance exposes insiders to enforcement action and shareholding pattern irregularities.
SectorIndustrials
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Sources
- NSE Archives · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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