Bank of India files SEBI Takeover Disclosure under Regulations 31(4)–(5)
Bank of India filed disclosure with NSE under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing cites Regulations 31(4) and 31(5), which mandate disclosure of substantial share acquisitions. Specific acquirer identity, acquisition percentage, and consideration amount are not disclosed in the headline announcement and require reference to the full disclosure document.
Why it mattersMandatory disclosure under takeover code suggests an acquisition crossing the 5% threshold or a subsequent 1% acquisition post-5%; details of acquirer and percentage to be verified from the filed document itself.
SectorBFSI
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Sources
- NSE Archives · official
- SEBI Official Website – Substantial Acquisition Regulations · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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