Quadra Medical Services discloses substantial acquisition interest in Bandhan Bank under SEBI Takeover Code

M&A / JV 7 Jul 2026 · Announced· ✓ Verified

Quadra Medical Services has submitted the required disclosure to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates disclosure when an acquirer crosses prescribed thresholds (typically 25% of equity or voting rights, or control intent). The filing marks the formal public notification of the acquisition interest and triggers the statutory timeline for an open offer, subject to any applicable exemptions. The target, Bandhan Bank Limited, is a scheduled commercial bank and therefore subject to dual oversight by SEBI (takeover code) and the Reserve Bank of India (banking sector prudential norms and fit-and-proper criteria…

Why it mattersThe Regulation 31(4) disclosure is a mandatory precursor to any open offer or material shareholding acquisition in a listed company; counsel must immediately review the full disclosure document, undertaking conditions, lock-in periods, and any exemption claims under Regulation 26 before advising on offer structure, shareholder voting mechanics or exit timelines.
Counsel—
SectorBFSI
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