HomeNewsBusinessMarketsCan an open offer be allowed for less than six percent shareholders? Case against Sebi order reaches SAT

Can an open offer be allowed for less than six percent shareholders? Case against Sebi order reaches SAT

3A Capital Services has moved SAT against Sebi’s refusal to exclude non-selling promoters from its open offer in Sri Sarvaraya Sugars. Sebi has argued that once the 25 percent threshold is breached, an open offer to all eligible shareholders is mandatory.

Brajesh Kumar

October 10, 2025 / 16:38 IST

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Can an open offer be allowed for less than six percent shareholders? Case against Sebi order reaches SAT

3A Capital Services has moved SAT against Sebi’s refusal to exclude non-selling promoters from its open offer in Sri Sarvaraya Sugars. Sebi has argued that once the 25 percent threshold is breached, an open offer to all eligible shareholders is mandatory.

Brajesh Kumar

first published: Oct 10, 2025 04:37 pm

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Can an open offer be allowed for less than six percent shareholders? Case against Sebi order reaches SAT

3A Capital Services has moved SAT against Sebi’s refusal to exclude non-selling promoters from its open offer in Sri Sarvaraya Sugars. Sebi has argued that once the 25 percent threshold is breached, an open offer to all eligible shareholders is mandatory.

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