Onkar Kanwar Files Substantial Acquisition Disclosure for Artemis Medicare Services Limited

M&A / JV 30 Jun 2026 · Announced· ✓ Verified

Onkar Kanwar, the billionaire promoter of Hero MotoCorp and a known healthcare investor, has submitted a disclosure under SEBI (SAST) Regulations, 2011, Regulation 31(4), to NSE reporting a substantial acquisition of shares in Artemis Medicare Services Limited. This disclosure is the first formal announcement of the transaction and triggers the statutory obligation for open offer or exemption order. The specific shareholding percentage, consideration amount, and acquisition timeline are contained in the formal NSE filing document.

Why it mattersRegulation 31(4) disclosure is a gating event: once >25% or a control threshold is breached, a formal open offer to remaining shareholders becomes mandatory within 60 days unless specific exemptions apply-track whether this progresses to a full takeover notice (Schedule 2-A filing).
Counsel—
SectorPharma & Healthcare
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