S.S.R.K Mohan Babu Triggers SEBI Takeover Disclosure in Cura Technologies
The disclosure was filed by S.S.R.K Mohan Babu with the NSE in compliance with SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations 2011. Regulation 31(4) and 31(5) typically require disclosure when an acquirer crosses 5% of voting capital or 25% creeping thresholds. The timing and quantum of shares acquired, along with any consequent open offer obligation, remain to be verified from the full disclosure document and subsequent exchange announcements.
Why it mattersRegulation 31 disclosures flag the 25% creeping acquisition threshold or a direct 5% jump; partners must determine whether this triggers a mandatory open offer under Regulation 38, and identify any conditions precedent (regulatory approvals, shareholders' consent) that gate the transaction.
SectorTechnology
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Sources
- NSE Archives (official NSE filing) · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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