Tube Investments files SEBI substantial acquisition disclosure for CG Power

M&A / JV 24 Jun 2026 · Announced· ✓ Verified

Tube Investments filed a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with NSE. The filing, dated 24 June 2026, indicates a substantial acquisition event-either crossing 25% threshold or acquisition of 2% or more in a 7-day window. The specific shareholding percentage, consideration amount, and mechanics of the transaction are not detailed in the Bar & Bench excerpt or publicly accessible sources yet.

Why it mattersThe filing of Regulation 31(4) triggers open offer obligation unless exempted; partners must model exemption strategy, timing of public announcement, and CG Power board's response protocol under the SEBI Takeover Code.
Counsel—
SectorIndustrials
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