Onkar Kanwar Files Substantial Acquisition Disclosure for Artemis Medicare Services Limited
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
[object Object][object Object][object Object][object Object][object Object][object Object][object Object][object Object]
Sources
- NSE Corporate Filings Archive · official
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 · official
- NSE Listing Regulations and Corporate Governance Guidelines · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
Related deals
- Anupam Rasayan India acquires controlling stake in Bliss GVS Pharma; Kanga & Co advises sellers28 Oct 2026
- Fortis Healthcare Limited: Press Release28 Oct 2026 · ₹277 Cr
- Fortis Healthcare Limited: Acquisition28 Oct 2026
- ThinkLaw advises Jagsonpal Pharma on acquiring Group Pharma's wellness portfolio27 Oct 2026
- Mankind Pharma Limited: Scheme of Arrangement26 Oct 2026
- Mankind Pharma Limited: Scheme of Arrangement26 Oct 2026