Navinchandra Vershibhai Haria files SEBI Regulation 10(5) disclosure under Takeover Code
The disclosure was filed with the National Stock Exchange (NSE) under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates that any person or group acquiring 25% or more of shares or voting rights in a listed company must disclose the transaction to the stock exchange and the target company within two days. The filing does not specify the acquisition value, number of shares acquired, or the post-acquisition shareholding percentage. No concurrent open offer announcement or acquirer identification details are evident from this disclosure alone.
Why it mattersRegulation 10(5) disclosures are gating triggers for open offers and acquirer liability under the Takeover Code-review whether the disclosure threshold (25% of paid-up capital or voting rights) has been crossed and whether an open offer obligation arises under Regulation 15.
SectorIndustrials
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Sources
- NSE Archives – Corporate Disclosures · official
- SEBI Official Website – Takeover Regulations 2011 · official
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