Sebi exempts family trust linked to Suprajit Engineering from making open offer
Under the proposed acquisition, the trust would be acquiring 38 per cent shares of the firm from its promoters Ajith Kumar Rai and Supriya Ajith Rai, who are also trustees of the Supriyajith Family Trust.
The proposal has been made following a private family arrangement to provide for family succession and to ensure seamless transition in the future. Image source: Reuters