Sebi Exempts Centre From Making Open Offer To Vodafone Idea Shareholders

Author : Dhowcruise
Publish Date : 2022-05-25 00:00:00


Sebi Exempts Centre From Making Open Offer To Vodafone Idea Shareholders

New Delhi: Markets regulator Sebi on Wednesday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) pursuant to its proposed acquisition of over 33 per cent stake in the telecom operator on conversion of dues into equity. In a nine-page order, Sebi said the acquisition of shareholding in VIL by the Government of India (GoI) is proposed with the sole intent of saving the larger public interest. "Moreover, GoI has no intent to participate in the management or the Board of the VIL and there is going to be no change in control of the VIL. Further, such holding of GoI shall be classified as public shareholding," Sebi said while giving the exemption from making the open offer. The regulator noted that a substantial sum of money is due to be paid to the government by VIL, which may place a potential burden on the financials of the company. Also, an open offer obligation on the part of government involves huge sums of cash outflow from the GoI, Sebi's Whole Time Member S K Mohanty said in an order.

New Delhi: Markets regulator Sebi on Wednesday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) pursuant to its proposed acquisition of over 33 per cent stake in the telecom operator on conversion of dues into equity. In a nine-page order, Sebi said the acquisition of shareholding in VIL by the Government of India (GoI) is proposed with the sole intent of saving the larger public interest. "Moreover, GoI has no intent to participate in the management or the Board of the VIL and there is going to be no change in control of the VIL. Further, such holding of GoI shall be classified as public shareholding," Sebi said while giving the exemption from making the open offer. The regulator noted that a substantial sum of money is due to be paid to the government by VIL, which may place a potential burden on the financials of the company. Also, an open offer obligation on the part of government involves huge sums of cash outflow from the GoI, Sebi's Whole Time Member S K Mohanty said in an order.New Delhi: Markets regulator Sebi on Wednesday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) pursuant to its proposed acquisition of over 33 per cent stake in the telecom operator on conversion of dues into equity. In a nine-page order, Sebi said the acquisition of shareholding in VIL by the Government of India (GoI) is proposed with the sole intent of saving the larger public interest. "Moreover, GoI has no intent to participate in the management or the Board of the VIL and there is going to be no change in control of the VIL. Further, such holding of GoI shall be classified as public shareholding," Sebi said while giving the exemption from making the open offer. The regulator noted that a substantial sum of money is due to be paid to the government by VIL, which may place a potential burden on the financials of the company. Also, an open offer obligation on the part of government involves huge sums of cash outflow from the GoI, Sebi's Whole Time Member S K Mohanty said in an order.New Delhi: Markets regulator Sebi on Wednesday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) pursuant to its proposed acquisition of over 33 per cent stake in the telecom operator on conversion of dues into equity. In a nine-page order, Sebi said the acquisition of shareholding in VIL by the Government of India (GoI) is proposed with the sole intent of saving the larger public interest. "Moreover, GoI has no intent to participate in the management or the Board of the VIL and there is going to be no change in control of the VIL. Further, such holding of GoI shall be classified as public shareholding," Sebi said while giving the exemption from making the open offer. The regulator noted that a substantial sum of money is due to be paid to the government by VIL, which may place a potential burden on the financials of the company. Also, an open offer obligation on the part of government involves huge sums of cash outflow from the GoI, Sebi's Whole Time Member S K Mohanty said in an order.New Delhi: Markets regulator Sebi on Wednesday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) pursuant to its proposed acquisition of over 33 per cent stake in the telecom operator on conversion of dues into equity. In a nine-page order, Sebi said the acquisition of shareholding in VIL by the Government of India (GoI) is proposed with the sole intent of saving the larger public interest. "Moreover, GoI has no intent to participate in the management or the Board of the VIL and there is going to be no change in control of the VIL. Further, such holding of GoI shall be classified as public shareholding," Sebi said while giving the exemption from making the open offer. The regulator noted that a substantial sum of money is due to be paid to the government by VIL, which may place a potential burden on the financials of the company. Also, an open offer obligation on the part of government involves huge sums of cash outflow from the GoI, Sebi's Whole Time Member S K Mohanty said in an order.New Delhi: Markets regulator Sebi on Wednesday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) pursuant to its proposed acquisition of over 33 per cent stake in the telecom operator on conversion of dues into equity. In a nine-page order, Sebi said the acquisition of shareholding in VIL by the Government of India (GoI) is proposed with the sole intent of saving the larger public interest. "Moreover, GoI has no intent to participate in the management or the Board of the VIL and there is going to be no change in control of the VIL. Further, such holding of GoI shall be classified as public shareholding," Sebi said while giving the exemption from making the open offer. The regulator noted that a substantial sum of money is due to be paid to the government by VIL, which may place a potential burden on the financials of the company. Also, an open offer obligation on the part of government involves huge sums of cash outflow from the GoI, Sebi's Whole Time Member S K Mohanty said in an order.New Delhi: Markets regulator Sebi on Wednesday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) pursuant to its proposed acquisition of over 33 per cent stake in the telecom operator on conversion of dues into equity. In a nine-page order, Sebi said the acquisition of shareholding in VIL by the Government of India (GoI) is proposed with the sole intent of saving the larger public interest. "Moreover, GoI has no intent to participate in the management or the Board of the VIL and there is going to be no change in control of the VIL. Further, such holding of GoI shall be classified as public shareholding," Sebi said while giving the exemption from making the open offer. The regulator noted that a substantial sum of money is due to be paid to the government by VIL, which may place a potential burden on the financials of the company. Also, an open offer obligation on the part of government involves huge sums of cash outflow from the GoI, Sebi's Whole Time Member S K Mohanty said in an order.New Delhi: Markets regulator Sebi on Wednesday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) pursuant to its proposed acquisition of over 33 per cent stake in the telecom operator on conversion of dues into equity. In a nine-page order, Sebi said the acquisition of shareholding in VIL by the Government of India (GoI) is proposed with the sole intent of saving the larger public interest. "Moreover, GoI has no intent to participate in the management or the Board of the VIL and there is going to be no change in control of the VIL. Further, such holding of GoI shall be classified as public shareholding," Sebi said while giving the exemption from making the open offer. The regulator noted that a substantial sum of money is due to be paid to the government by VIL, which may place a potential burden on the financials of the company. Also, an open offer obligation on the part of government involves huge sums of cash outflow from the GoI, Sebi's Whole Time Member S K Mohanty said in an order.New Delhi: Markets regulator Sebi on Wednesday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) pursuant to its proposed acquisition of over 33 per cent stake in the telecom operator on conversion of dues into equity. In a nine-page order, Sebi said the acquisition of shareholding in VIL by the Government of India (GoI) is proposed with the sole intent of saving the larger public interest. "Moreover, GoI has no intent to participate in the management or the Board of the VIL and there is going to be no change in control of the VIL. Further, such holding of GoI shall be classified as public shareholding," Sebi said while giving the exemption from making the open offer. The regulator noted that a substantial sum of money is due to be paid to the government by VIL, which may place a potential burden on the financials of the company. Also, an open offer obligation on the part of government involves huge sums of cash outflow from the GoI, Sebi's Whole Time Member S K Mohanty said in an order.New Delhi: Markets regulator Sebi on Wednesday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) pursuant to its proposed acquisition of over 33 per cent stake in the telecom operator on conversion of dues into equity. In a nine-page order, Sebi said the acquisition of shareholding in VIL by the Government of India (GoI) is proposed with the sole intent of saving the larger public interest. "Moreover, GoI has no intent to participate in the management or the Board of the VIL and there is going to be no change in control of the VIL. Further, such holding of GoI shall be classified as public shareholding," Sebi said while giving the exemption from making the open offer. The regulator noted that a substantial sum of money is due to be paid to the government by VIL, which may place a potential burden on the financials of the company. Also, an open offer obligation on the part of government involves huge sums of cash outflow from the GoI, Sebi's Whole Time Member S K Mohanty said in an order.New Delhi: Markets regulator Sebi on Wednesday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) pursuant to its proposed acquisition of over 33 per cent stake in the telecom operator on conversion of dues into equity. In a nine-page order, Sebi said the acquisition of shareholding in VIL by the Government of India (GoI) is proposed with the sole intent of saving the larger public interest. "Moreover, GoI has no intent to participate in the management or the Board of the VIL and there is going to be no change in control of the VIL. Further, such holding of GoI shall be classified as public shareholding," Sebi said while giving the exemption from making the open offer. The regulator noted that a substantial sum of money is due to be paid to the government by VIL, which may place a potential burden on the financials of the company. Also, an open offer obligation on the part of government involves huge sums of cash outflow from the GoI, Sebi's Whole Time Member S K Mohanty said in an order.New Delhi: Markets regulator Sebi on Wednesday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) pursuant to its proposed acquisition of over 33 per cent stake in the telecom operator on conversion of dues into equity. In a nine-page order, Sebi said the acquisition of shareholding in VIL by the Government of India (GoI) is proposed with the sole intent of saving the larger public interest. "Moreover, GoI has no intent



Category :travel

Lenovo Tab P11 5G With 11-Inch 2K IPS Display, 5G Connectivity Launched in India: All Details

Lenovo Tab P11 5G With 11-Inch 2K IPS Display, 5G Connectivity Launched in India: All Details

- Lenovo Tab P11 5G has been launched in India on Friday. This is the first premium 5G tablet from the company which supports


Mohammad Hafeez Gives Hilarious Reason For Ravichandran Ashwin Not Playing India vs Pakistan Matches

Mohammad Hafeez Gives Hilarious Reason For Ravichandran Ashwin Not Playing India vs Pakistan Matches

- Mohammad Hafeez Gives Hilarious Reason For Ravichandran Ashwin Not Playing India vs Pakistan MatchesAsia Cup: Mohammad Hafeez feels that the


Trumps Son-In Law To Testify In US Capitol Riot Probe

Trumps Son-In Law To Testify In US Capitol Riot Probe

- Former US president Donald Trumps son-in-law Jared Kushner was returning from Saudi Arabia on the day of the January


Next Gen Cup: Bengaluru FC Lose To Leicester City But Win Hearts

Next Gen Cup: Bengaluru FC Lose To Leicester City But Win Hearts

- Bengaluru FCs youth team went down to Leicester Citys academy side, but won praise for putting



Category