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.

April 01, 2014


For full copy of order against HINA VIJAYKUMAR VORA, click here.

For full copy of order against VIJAY JAMNADAS VORA, click here.