X

SEC Grants Tender Offer Relief to Indian Issuer

The SEC Division of Corporation Finance granted an India-based entity no-action relief from SEA Rules 14e-1(a) and 14e-1(c) ("Unlawful tender offer practices").

The relief permits the company to (i) hold an issuer tender offer open for a period of 10 working days and (ii) pay for or return tendered shares in accordance with Indian law.

Primary Sources

  1. SEC No-Action Letter: Partial Issuer Tender Offer for Shares of SoftSol India Limited
  2. Exemptive Order: SoftSol India Limited
  3. Incoming Letter from U.S. Counsel: SoftSol India Limited
  4. Incoming Letter from Indian Counsel: SoftSol India Limited

Premium Content

Available only to Premium subscribers.

 

Join Premium

US Regulatory Intelligence combines regulatory and enforcement news, analysis, and practical work tools on an easy-to-use digital platform.

Request a Free Trial

Tags

Regulated Activities
Cross-Border Exchange and Tender Offers
Regulated Entities
Issuers of Securities
Sub-Entity
SEC-Registered Issuers
Body of Law
Securities Law
Jurisdiction
US - Federal
Impacted Foreign Jurisdiction
India
Organization
SEC
Sub-Author
SEC Corp. Fin.