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The Economic Times
The Economic Times

Muthoot Microfin case: Sebi exempts six family trusts from open offer obligation

Trust SEBI Muthoot Microfin MF Muthoot FinCorp IPO

Capital markets regulator Sebi on Monday exempted six Muthoot family trusts from making an open offer for the proposed indirect acquisition of shares in Muthoot Microfin as part of an internal restructuring.

Six promoter family trusts -- Thomas John Muthoot (MF) Trust, Thomas George Muthoot (MF) Trust, Thomas Muthoot (MF) Trust, Preethi John Muthoot (MF) Trust, Nina George Muthoot (MF) Trust and Remmy Thomas (MF) Trust have been exempted from open offer obligations under the Takeover Rules.

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