Anuradha Garg files SEBI Takeover Regulation 31(4) disclosure with NSE
The disclosure was submitted under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Regulation 31(4), which requires disclosure to the stock exchange and company board when specified shareholding thresholds are crossed. The specific value, structure, and conditions of the acquisition are not stated in the filed disclosure excerpt. This regulatory filing represents a formal step in the takeover/acquisition process under Indian securities law.
Why it mattersRegulation 31(4) disclosures trigger when a person acquires 25% or more shares (or crosses 5%, 10%, 15%, 20%, 25%, 50%, or 75% thresholds), necessitating contemporaneous public disclosure and board notification-a critical gating mechanism for hostile moves and governance.
SectorIndustrials
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Sources
- NSE Archives · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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