Coromandel International: Regulation 31(4) Takeover Disclosure Filed
Coromandel International Limited submitted a Regulation 31(4) disclosure to the NSE under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. Regulation 31(4) requires any person who has acquired shares or voting rights crossing 5% or any subsequent slab (10%, 15%, etc.) to disclose such acquisition within two working days. The disclosure itself does not reveal the acquirer identity, shareholding quantum, or consideration without access to the filed document; the PDF reference suggests this is an official NSE filing.
Why it mattersRegulation 31(4) filings indicate either a new acquisition crossing a 5% threshold or a change in the acquirer's intent/status; review the detailed disclosure to determine whether a fresh bidder has emerged, an existing holder has crossed a slab, or an existing acquirer is signalling a change in acquisition strategy or timeline.
SectorConsumer & Retail
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Sources
- NSE Archives - Corporate Actions · official
- SEBI Official Website - SAST Regulations 2011 · official
- NSE Website - Coromandel International (COROMANDEL) Corporate Actions · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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