Sebi exempts Heineken International from open offer obligation in UBL case

2021-06-22 23:07:58

NEW DELHI: Markets regulator Sebi on Tuesday exempted Heineken International B V from the obligation of making an open offer following its proposed acquisition of shares in (UBL).

The order came after Sebi received an application from Heineken International seeking exemption from the applicability of SAST (Substantial Acquisition of Shares and Takeovers) Regulations in the matter of its proposed acquisition of certain equity shares of UBL from the recovery officer of the Bangalore Debt Recovery Tribunal

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