PRESS RELEASE
Consent Order in the matter of M/s. Lanxess ABS Limited
A Panel consisting of Dr. T. C. Nair, Whole Time Member, SEBI, and Shri M.S. Sahoo, Whole Time Member, SEBI, has passed a consent order dated September 17, 2008, on the consent application submitted by M/s. Lanxess ABS Limited for non compliance of Regulation 8(3) of the SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 1997 for the years 2000, 2001 and 2002, in accordance with SEBI Circular on consent orders dated April 20, 2007. The applicant has remitted a sum of Rs.2,00,000/- (Rupees Two Lakh only) towards the terms of consent in the matter.
The full text of the order is available on the website: www.sebi.gov.in
Mumbai
September 19, 2008