Amit Mahendrabhai Shah and Neolite Polymer Industries trigger substantial acquisition disclosure under SEBI SAST Reg 29
The disclosure is filed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulation 2011, Regulation 29(1), requiring acquirers to inform the stock exchange and the company when crossing 5%, 10%, 15%, 25%, 50% and 75% shareholding thresholds. The structure involves both an individual (Amit Mahendrabhai Shah) and a private company (Neolite Polymer Industries Private Limited) as acquirers. The filing documents are maintained on the NSE CORPFACTS portal.
Why it mattersA dual-acquirer structure (individual + corporate entity) filing Regulation 29 disclosure flags the need to verify whether parties are acting in concert under SEBI SAST Reg 2(1)(d) and whether concert thresholds have been crossed.
SectorIndustrials
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Sources
- NSE Corporate Filings (CORPFACTS) · official
- SEBI (SAST) Regulations 2011 · official
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