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SEBI exempts Neterwala Family Trust from open offer in Uni Abex

SEBI exempts Neterwala Family Trust from open offer in Uni Abex

SEBI has exempted Neterwala Family Trust from making an open offer for the indirect acquisition of shares in Uni Abex Alloy Products Limited, facilitating an internal family reorganisation. The order dated May 18, 2026, allows the transfer of 96.09% of CFA shares to the trust, consolidating control without altering the 63.63% promoter group holding. The exemption is valid for one year and is subject to compliance with specific regulatory conditions.

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