 "DLF")
Capital market regulatSebi said the proposed restructuring among promoter entities in DLF will be exempt from open offer obligation, if the deal is approved by the High Court.
The real estate developer had sought an 'informal guidance' from Sebi on a restructuring proposal that would see promoter group firm Rajdhani Investments & Agencies (applicant) stake to go up from 0.01 per cent to 54.08 per cent in DLF.
"With a view to consolidate the holding and streamline the promoter group companies' structure, it is proposed to merge all the 10 transferor companies into the applicant through a composite scheme of merger with the
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