SEBI grants exemption for Muthoot Microfin acquisition without public offer

This order grants an exemption to six family trusts from the mandatory open offer requirements under SEBI's takeover regulations. The exemption is for the proposed indirect acquisition of shares and voting rights in Muthoot Microfin Limited.

Muthoot Microfin Limited (Target Company); Thomas John Muthoot (MF) Trust; Thomas George Muthoot (MF) Trust; Thomas Muthoot (MF) Trust; Preethi John Muthoot (MF) Trust; Nina George Muthoot (MF) Trust; Remmy Thomas (MF) Trust; Muthoot Fincorp Limited (intermediate holding company).

• SEBI granted an exemption from Regulation 3 read with Regulations 4 and 5 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• The acquisition is indirect, involving shares held by Muthoot Fincorp Limited, which holds 50.21% of the Target Company.
• The six Acquirer Trusts are irrevocable, discretionary, and private trusts settled under the Indian Trusts Act, 1882.
• The application for exemption was dated July 14, 2026.
• The Target Company's equity shares are listed on BSE and NSE.

Written from the document by AI, and checked against it. The original below is authoritative.

The original document