Order in the matter of Telecanor Global Limited
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What is this order about?
SEBI examined an application by Vijay Lakshmi Praturi for exemption from takeover regulations due to a proposed share acquisition in Telecanor Global Limited, which would increase her stake from 13.31% to 42.39%.
Who it concerns
Vijay Lakshmi Praturi, Telecanor Global Limited
What was found or directed
- Proposed acquisition would increase shareholding from 13.31% to 31.38% (before warrant conversion) and to 42.39% (after conversion)
- Exemption sought from takeover regulations due to proposed preferential allotment of shares and convertible warrants
- Target Company needs to pay INR 2,25,00,000 under One Time Settlement (OTS) with PARCPL
- Proposed Acquirer claims inability to afford INR 2 Crores additional cost for open offer
- SEBI noted that acquisition would attract obligation to make open offer under regulations
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/KCV/CFD/09/2025-26 |
| Status | closed (section: order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2025-10-03
exemption_order_tgl.pdf
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