Sebi exempts Juhi Chawla-owned Mehta Family Trust from Saurashtra Cement open offer

The Securities and Exchange Board of India (Sebi) has granted the Mehta Family Trust relief from the open offer requirement linked to their indirect acquisition of shares in Saurashtra Cement Ltd. This restructuring aims to facilitate succession planning within the family and has been determined as non-commercial, ensuring that the control of the company remains unchanged. The one-year exemption will come with specific reporting obligations.

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