Sameer Manchanda files SEBI Regulation 31(4) disclosure on Den Networks shareholding acquisition

M&A / JV 1 Jul 2026 · Announced· ✓ Verified

Sameer Manchanda has submitted to the NSE a copy of disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure is mandatory when an acquirer crosses specified shareholding thresholds (typically 5%, 10%, 15%, 20%, 25%, 30%, etc.) in a listed company. Den Networks is an MSO (multi-system operator) in the Indian cable and broadband sector. The disclosure triggers public announcement obligations and potential open offer requirements depending on the threshold crossed and acquirer's intent.

Why it mattersRegulation 31(4) disclosure is a gating event in SEBI takeover law: once a disclosure is mandatorily filed, the acquirer has initiated a formal acquisition trigger requiring a public announcement within two trading days and compliance with open offer thresholds if applicable-this is a critical compliance checkpoint that marks the formal beginning of takeover process clock.
Counsel—
SectorTelecom
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