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SEBI
 
Sebi clarifies on shares transfer among promoter
24-Jun-2017

Promoter group entities will not be required to make an open offer if there is no change in control of the company due to transfer of shares among them, according to Sebi. The market regulator's view has come on an application filed by one of realty major DLF's promoter entity Rajdhani Investments & Agencies Pvt Ltd -- seeking informal guidance with respect to applicability of takeover norms for the merger of 10 promoter group companies into it.

News Source:- http://www.millenniumpost.in/business/business-248911