Ashok Kumar Jain Discloses Substantial Share Acquisition in Arihant Capital Markets
Ashok Kumar Jain has submitted a formal disclosure to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates disclosure when a person or acquirer crosses specified shareholding thresholds (typically 5%, 10%, 15%, 20%, 25%, 30%, etc.). The filing is public and archived on NSE's corporate disclosure portal. The specific acquisition quantum, timing and consideration are not disclosed in the headline filing but would be detailed in the full Form A or CA disclosure document.
Why it mattersA Regulation 31(4) disclosure signals a threshold crossing (likely 5% or more) requiring immediate exchange filing and potential triggering of open offer obligations under SEBI Takeover Regulations-key for tracking control shifts in listed financial services firms.
SectorFinancial Services
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Sources
- NSE Corporate Archives – Arihant Capital Markets Disclosure Filing · official
- NSE Corporate Announcements Portal · official
- SEBI Regulations – SAST 2011 · official
- Arihant Capital Markets Limited – BSE/NSE Company Profile · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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