Manbhawani Investment Limited Discloses Substantial Acquisition in Chambal Fertilizers under SEBI Takeover Code

M&A / JV 16 Jun 2026 · Announced· ✓ Verified

Manbhawani Investment Limited has submitted a formal disclosure to the NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, signalling a substantial acquisition in Chambal Fertilizers & Chemicals Limited. The disclosure is the mandatory first step in the takeover code framework, requiring the acquirer to inform the exchange, the target company, and the public of the acquisition event. Depending on the shareholding percentage and whether specified thresholds (typically 5%, 10%, 15%, 20%, 25%, etc.) are crossed, additional regulatory obligations-including an open offer to public shareholders-may be triggered. The filing indicates a…

Why it mattersRegulation 31(4) disclosure obligates the acquirer to publicly announce acquisition details within specified timelines; shareholders and the market must assess potential control-change implications and trigger points for an open offer under Regulation 26, depending on the final shareholding threshold crossed.
SectorFMCG
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