SEBI grants exemption for Vividhmargi Trust's 27.51% Themis Medicare acquisition

This order grants an exemption to Vividhmargi Trust from specific provisions of SEBI's Takeover Regulations regarding the proposed acquisition of shares and voting rights in Themis Medicare Limited. The acquisition involves transferring shares directly and indirectly from the existing promoter group to the Trust.

Themis Medicare Limited (Target Company), Vividhmargi Trust (Proposed Acquirer), Mr. Dinesh Shantilal Patel (Trustee/Settlor), and other promoter group members including Jayshree Dinesh Patel, Sachin Dinesh Patel, and Reena Sachin Patel.

• Exemption granted from Regulations 3, 4, and 5 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• Proposed direct acquisition of 27.51% of shares (2,53,17,620 shares) by Vividhmargi Trust from promoters.
• Proposed indirect acquisition through the transfer of shares in three private companies (Vividhmargi Investments Pvt. Ltd., Vividh Distributors Pvt. Ltd., and Themis Distributors Pvt. Ltd.) to the Trust.
• The transaction is described as a succession and welfare arrangement for the promoter group and their lineal descendants.
• No change in the total equity share capital of the Target Company is expected.

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