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Sebi Exempts Allcargo Logistics Family Trust From Open Offer
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News18•14-10-2026, 19:30
Sebi Exempts Allcargo Logistics Family Trust From Open Offer
- •Capital markets regulator Sebi exempted Shashi Kiran Shetty Family Trust from open offer requirements for acquiring a 34.41 per cent stake in Allcargo Logistics.
- •The acquisition involves 51.54 crore shares from promoter Shashi Kiran Janardhan Shetty as part of an internal reorganisation for succession planning and estate consolidation.
- •Sebi noted that the transaction is non-commercial and will not alter the aggregate shareholding or prejudice the interests of public shareholders.
- •The exemption is granted under SAST Regulations subject to conditions including compliance with applicable laws and completing the transaction within one year.
Key Questions Answered
The Securities and Exchange Board of India exempted the trust from an open offer requirement for its proposed acquisition of a 34.41 per cent stake in Allcargo Logistics as part of an internal reorganisation for succession planning and estate consolidation.
The trust must comply with all applicable laws, file a report with the regulator within 21 days of completing the acquisition, and finalize the transaction within one year of the order date.
SEBI noted that the non-commercial transaction will not change the aggregate shareholding of the promoter group, alter the company's total equity share capital, or prejudice public shareholders' interests.
