SEBI grants exemption for family share transfer in Paisalo Digital

This order grants an exemption to Suneeti Dolaa Private Trust and Sulabhya Paramita Private Trust from specific takeover regulations (SAST Regulations) for their proposed acquisition of shares in Paisalo Digital Limited. The acquisition is structured as a non-commercial transfer among promoter family members for succession planning.

Suneeti Dolaa Private Trust, Sulabhya Paramita Private Trust, Paisalo Digital Limited, Suneeti Agarwal, Sunil Agarwal, Santanu Agarwal, Pri Caf Private Limited, Pro Fitcch Private Limited, Equilibrated Venture Cflow Private Limited

• SEBI granted exemption from sub-regulation (1) of regulation 3 and regulation 5 read with regulation 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• The proposed acquisition involves direct and indirect transfer of shares and voting rights in Paisalo Digital Limited.
• The transfer is to be made without any consideration (gift) by promoter family members (Suneeti, Sunil, and Santanu Agarwal) to the Acquirer Trusts.
• The total promoter group shareholding in Paisalo Digital Limited remains unchanged at 41.16% after the acquisition.
• The acquisition is described as an inter-se transfer within the promoter group for succession planning purposes.

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