Exemption order in the matter of Ashapura Minechem Ltd.
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What is this order about?
SEBI granted an exemption to three family trusts (Manan Chetan Shah Family Trust, Chaitali Nishit Salot Family Trust, and Himani Ankur Shah Family Trust) from certain takeover regulations related to their proposed acquisition of shares in Ashapura Minechem Limited.
Who it concerns
Manan Chetan Shah Family Trust, Chaitali Nishit Salot Family Trust, Himani Ankur Shah Family Trust
What was found or directed
- Exemption granted from sub-regulation (1) of regulation 3 and regulation 5 read with regulation 4 of SAST Regulations, 2011
- Proposed acquisition of 32.36% shares in Ashapura Minechem Limited
- Acquisition through direct transfer from Chetan Navnitlal Shah and Dina Chetan Shah and indirect transfer via Ashapura Industrial Finance Limited
- No consideration for the shares transferred
- Acquirer Trusts will become part of the Promoter and Promoter Group of the Target Company
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/KCV/CFD/16/2025-26 |
| Status | closed (section: order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2025-12-16
eo_ashapura_minechem.pdf
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