Bandhan Konnagar files SEBI Regulation 31(4) disclosure with NSE
Bandhan Konnagar 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 within two working days of any acquisition of shares or voting rights that crosses specified thresholds or triggers a change of control. The filing indicates a shareholding or control event; specific details including shareholding percentage, acquisition consideration, and date of acquisition are contained in the disclosure form filed with the exchange.
Why it mattersRegulation 31(4) disclosure is a gating trigger for any substantial acquisition crossing statutory thresholds (typically 5%, 10%, 15%, 25% or control); the specific shareholding percentage and acquisition consideration are disclosed in the underlying Form but must be separately verified from the actual filing document to confirm deal structure and valuation.
SectorBFSI
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Sources
- NSE Corporate Governance Archives · official
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 · official
- RBI Master Circular on Branch Licensing and Prudential Norms for Banking Companies · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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