Apar Corporation Granted Exemption

The Securities and Exchange Board of India (Sebi) has granted exemption to Apar Corporation India Ltd from the applicability of the making of a public offer in terms of the Sebi (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, for acquisition of 5.7 lakh equity shares of Rs 10 each at a price of Rs 35 per share constituting 2.74 per cent of the equity share capital of Apar industries Ltd and along with other promoters holds an said a Sebi release.