Sebi grants open offer exemption to Muthoot Microfin promoter trusts
Business 05 May, 2026

Sebi grants open offer exemption to Muthoot Microfin promoter trusts

Business To Business, New Delhi, 5th May, 2026: The Securities and Exchange Board of India (Sebi) on Tuesday granted an exemption to promoter family trusts of Muthoot Microfin from making an open offer in connection with a proposed internal restructuring involving indirect share acquisition.
Six promoter family trusts—Thomas John Muthoot (MF) Trust, Thomas George Muthoot (MF) Trust, Thomas Muthoot (MF) Trust, Preethi John Muthoot (MF) Trust, Nina George (MF) Trust, and Remmy Thomas (MF) Trust—have been exempted from open offer obligations under the takeover regulations for acquiring indirect control in the company.
“I hereby grant exemption to the proposed acquirers from complying with the SAST Regulations, 2011, with respect to the proposed direct acquisition in the target company, Muthoot Microfin Ltd, by way of the proposed transaction,” Sebi Whole-Time Member Kamlesh Chandra Varshney said in the order.

Related News