Parimal Hasmukhlal Desai files SEBI Regulation 31(4) substantial acquisition disclosure for Aarti Surfactants
Under SEBI Takeover Regulations, when a person acquires shares exceeding specified thresholds, they must disclose to the stock exchange under Regulation 31(4). This disclosure by Parimal Hasmukhlal Desai for Aarti Surfactants Limited indicates a significant share acquisition event. The specific shareholding percentage, acquisition method, and consideration amount are not disclosed in the Bar & Bench headline but are detailed in the original NSE filing document. This filing is the mandatory first step before any public announcement of an open offer or acquisition under the Code.
Why it mattersA Regulation 31(4) disclosure signals that the acquirer has crossed a statutory threshold (typically 5% or 10%) and must now make a public announcement and open a public offer if the threshold is >15%; this filing is the regulatory gate for all downstream takeover code obligations.
CounselBar & Bench (Reporting)
SectorFMCG
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Sources
- NSE Archives – Aarti Surfactants Disclosure Filing · official
- Bar & Bench Article
- SEBI Official – Substantial Acquisition & Takeovers Regulations 2011 · official
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