SEBI Exempts Vadilal Promoters’ Family Trust from Open Offer

SEBI has exempted IVG Trust, the Gandhi family’s private trust, from making a mandatory open offer, allowing succession-led restructuring of promoter shareholding in Vadilal Industries and Vadilal Enterprises. The regulator said the transfer will not alter promoter control or public shareholding, safeguarding minority investors. $VADILALIND