Warehouse Receipts Need Regulation, Say Experts

MUMBAI: The Securities and Exchange Board of India (Sebi) has granted an exemption to CHL Ltd from making an open offer to investors following a proposed acquisition of 2,67,800 shares shares of the company from ICICI at Rs 30 per share. These shares were proposed to be bought back in keeping with an earlier agreement to this effect. Sebi has noted that as it was an inter-se transfer of shares among promoters without disturbing the public shareholding, an exemption from open offer could be granted. escription" content="MUMBAI: The board of Vasparr S