Established in 2019, the Mehta Family Trust has Juhi Chawla and her husband, industrialist Jay Mehta, as its trustees. Sebi noted that while the proposed indirect acquisition would typically trigger a mandatory open offer under prevailing Takeover norms, the capital markets watchdog approved the exemption after observing that the transaction is an internal reorganisation within the promoter family meant to streamline succession planning and consolidate family holdings.
