Shareholding19 May 2026, 09:40 pm
Uni Abex: SEBI Order on Neterwala Family Trust Acquisition
AI Summary
Uni Abex Alloy Products Ltd received an intimation regarding a SEBI order (WTM/KCV/CFD/02/2026-27) dated May 18, 2026, concerning the Neterwala Family Trust's proposed indirect acquisition of shares and voting rights. The acquisition stems from an internal family reorganization and succession planning. SEBI granted exemption to the Neterwala Family Trust from open-offer obligations. The transaction will not result in any change in control, management, or public shareholding of the company, and the promoter group's aggregate shareholding will remain the same.
Key Highlights
- SEBI order exempts Neterwala Family Trust from open-offer obligations.
- Acquisition is part of internal family reorganization and succession planning.
- No change in company control, management, or public shareholding.
- Promoter group's aggregate shareholding remains unchanged.
- Transaction involves indirect acquisition via Neterwala Family Trust.