Order under regulation 11 of SEBI (SAST) Regulations, 2011 in the matter of Indiabulls Housing Finance Ltd.

Last updated: 09 December 2020
Quick Summary
This order from the Securities and Exchange Board of India (SEBI) concerns a proposed acquisition of shares and voting rights in Indiabulls Housing Finance Ltd. by Sameer Gehlaut IBH Trust. The application sought exemption from specific takeover regulations, particularly Regulation 4, which requires a public announcement for acquiring control of a target company. The order details the context of Indiabulls Housing Finance Ltd. as a listed housing finance institution.

Court :
SEBI

Brief :
Indiabulls Housing Finance Ltd. (“Target Company”) is a company incorporated on May 10, 2005 having its registered office address at M–62 & 63, 1st Floor, Connaught Palace, New Delhi–110001 and carries on the business of a housing finance institution which does not accept public deposits. The equity shares of the Target Company are listed on the BSE Limited (“BSE”) and National Stock Exchange of India (“NSE”).

Citation :
WTM/GM/CFD/51/2020–21

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1999
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3499
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