Exemption Order in the matter of Nureca Limited
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What is this order about?
SEBI granted an exemption to Nureca Limited from a requirement that prohibits public announcements of buybacks during pending mergers, as the company's scheme involves a wholly-owned subsidiary merger without affecting public shareholding.
Who it concerns
Nureca Limited
What was found or directed
- Exemption granted from sub-regulation (ii) of regulation 24 of Buy-Back Regulations, 2018
- Exemption subject to conditions: buyback must comply with Companies Act, 2013 and Buy-Back Regulations, 2018
- Company must ensure statements in Application and Scheme of Arrangement are true
- Exemption limited to relaxation of specific regulation, not other requirements
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/KCV/CFD/10 |
| Status | closed (section: order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
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Documents
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Order
2025-10-16
exemption_order_nl.pdf
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