Subject to certain conditions, the SEC Division of Corporation Finance granted exemptive relief to Indian company Redington Limited from Exchange Act Rule 14e-1(a) (Unlawful tender offer practices). The exemption will allow Redington Limited to conduct a partial tender offer premised on its required compliance with an Indian law mandating a fixed ten working-day offer period for issuer tender offers, which will not be extended for U.S. Persons.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
