Nalin Estates Ltd. ('Target Company') is a listed company. The promoter group shareholding in the target company is 47%. It proposes to transfer of 2% shares held by one promoter group to another promoter group. The targ

As per Regulation 10(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the following acquisitions shall be exempt from the obligation to make an open offer under regulation 3 and regulation 4 of the of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 subject to fulfillment of the conditions stipulated. (a) acquisition pursuant to inter se transfer of shares amongst qualifying persons, being, persons named as promoters in the shareholding pattern filed by the target company in terms of the listing agreement or these regulations for not less than three years prior to the proposed acquisition.