February 24, 2014
PR No. 018/2014
Order in the matter of Madhusudan Securities Limited
Shri. Rajeev Kumar Agarwal, Whole Time Member, SEBI, has passed an order dated February 20, 2014, issuing
directions to IndusAge Advisors Limited, Growsafe Securities Private Limited, Mr. Salim Govani and Foresight
Enterprises to complete the open offer announced vide the public announcement dated February 10, 2011 at the
price determined in accordance with regulation 20 of the SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 1997.
Mumbai
February 24, 2014
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For full copy of order against FORESIGHT ENTERPRISES, click here.
For full copy of order against GROWSAFE SECURITIES PVT.LTD., click here.
For full copy of order against INDUSAGE ADVISORS LTD., click here.
For full copy of order against SALIM GOVANI, click here.
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