Sachin Doshi Files Substantial Acquisition Disclosure in Coral India Finance & Housing Limited under SEBI Takeover Code

M&A / JV 6 Jul 2026 · Announced· ✓ Verified

Sachin Doshi has submitted formal disclosure to the National Stock Exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure is mandatory once an acquirer or group breaches prescribed thresholds of equity or voting rights. The filing triggers a chain of public announcements and potential open-offer obligations unless specific exemptions apply. No acquisition value or final holding percentage has been disclosed in the available filing excerpt.

Why it mattersA Regulation 31(4) disclosure signals crossing a statutory threshold (typically 5% or 10% of voting capital) and obligates the acquirer to make a public announcement of acquisition (PAC) within two trading days unless exempted; counsel must immediately audit shareholding caps, concert-party risk, open offer obligations, and fund source compliance.
SectorFinancial Services
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