April
01, 2014
PR No. 031/2014
Order against Mr.Vijay
Jamnadas Vora and Mrs. Hina Vijaykumar Vora in the matter
of acquisition of
shares of Sky Industries Ltd.
Shri S. Raman, Whole Time Member, SEBI, has vide order
dated March 28, 2014 passed the following directions:-
| (i) |
The acquirers, viz. Mr.
Vijay Jamnadas Vora and Mrs. Hina Vijaykumar Vora
shall make a combined public announcement to acquire
shares of the target company, Sky Industries
Limited, in terms of Regulations 10 of the SEBI
(Substantial Acquisition of Shares and Takeovers)
Regulations, 1997, within a period of 45 days from
the date of this Order. |
| (ii) |
The acquirers shall, along with
consideration amount, pay interest at the rate of
10% per annum from 14.01.2008 till the date of
payment of consideration to the shareholders who
were holding shares in the target company on the
date of violation and whose shares are accepted in
the open offer, after adjustment of dividend paid,
if any. The Order shall come into force with
immediate effect. |
Mumbai
April 01, 2014
|