Exemption Order in the matter of Triveni Engineering and Industries Ltd.
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What is this order about?
SEBI examined an exemption request from Tarun Sawhney Trust for a proposed indirect acquisition of shares in Triveni Engineering and Industries Limited, which would trigger an open offer under securities regulations.
Who it concerns
Tarun Sawhney Trust
What was found or directed
- Exemption sought from SAST Regulations 2011 for indirect acquisition of shares in Triveni Engineering and Industries Limited
- Proposed transfer of 26.60% shares from Rati Sawhney to Tarun Sawhney Trust in STFL
- Acquirer Trust would hold 63.3% of STFL shares after transfer
- No change in overall promoter shareholding or public shareholding
- Acquirer Trust must comply with SEBI Master Circular guidelines for exemption
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/KCV/CFD/12/2025-26 |
| Status | closed (section: order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2025-10-30
exemption_order_triveni_eil.pdf
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