CM Airtime Promotion LLP files substantial acquisition disclosure under SEBI Takeover Regulations for Chambal Fertilizers

M&A / JV 30 Jun 2026 · Announced· ✓ Verified

CM Airtime Promotion LLP has filed a Regulation 31(4) disclosure of substantial acquisition with NSE, triggering SEBI takeover code requirements. The disclosure mechanism indicates acquisition of shares or control beyond the 25% threshold or a change in control event. No consideration value, acquisition date, or prior shareholding is stated in the archival filing header; the full disclosure document would contain acquisition size, timing, and acquirer background.

Why it mattersA Reg 31(4) disclosure indicates cross-threshold acquisition (likely 25%+ stake or control movement); partner must immediately advise on open offer timing, exemption eligibility, and putative acquirer's pre-existing shareholding to structure disclosure validity and defence thresholds.
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