Anil Kataria files substantial acquisition disclosure for D. P. Abhushan Limited under SEBI takeover code
The disclosure was submitted by Anil Kataria to NSE in compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates disclosure within 30 days of crossing specified shareholding thresholds (typically 25%, 50%, or 75%). The filing indicates a material acquisition event but does not yet confirm the acquisition value, exact shareholding percentage, or whether an open offer will follow. The next stage typically involves either a formal open offer (if threshold-crossing occurred) or submission of an exemption claim if applicable.
Why it mattersRegulation 31(4) disclosure marks the crossing of statutory acquisition thresholds (typically 25% or higher) and triggers open offer or exemption obligations; counsel must verify the exact shareholding acquired, timing of disclosure versus crossing date (30-day window), and whether exemptions (creeping acquisition, concert party carve-outs) apply.
SectorIndustrials
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Sources
- NSE Archives - SEBI Takeover Disclosure Filing · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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