Bandhan Bank Regulation 31(4) Disclosure: Substantial Acquisition Filing
Bandhan Technologies LLC and two related entities (one UK-incorporated, one US-incorporated, both formerly branded as Genisys Software) have submitted the statutory disclosure of substantial acquisition under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This filing is required within two trading days of crossing 25% shareholding and triggers mandatory open offer obligations. The disclosure was filed with NSE on 19 June 2026 (archived) and published on 22 June 2026, indicating a material stake acquisition event. The specific shareholding percentage, offer price, and number of shares acquired are contained in the filed disclosure document.
Why it mattersRegulation 31(4) disclosure is mandatory gateway filing for acquisitions crossing 25% shareholding; the open offer price discovery and public shareholding mechanics follow specific SEBI timelines and valuation rules-critical for deal completion risk and shareholder approval.
SectorFinancial Services
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Sources
- NSE Archives · official
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 · official
- RBI – Banking Regulation Act, 1949, Section 10A · official
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