Bandana Kohli files substantial acquisition disclosure under SEBI Takeover Code for Eldeco Housing

M&A / JV 19 Jun 2026 · Announced· ✓ Verified

Bandana Kohli has submitted a formal Regulation 31(4) disclosure to NSE detailing a substantial acquisition in Eldeco Housing and Industries Limited. Regulation 31(4) of the SEBI Takeover Code mandates disclosure when an acquirer crosses 25% shareholding or intends an open offer. This filing precedes formal public announcement and triggers statutory timelines for offer document filing, public communication, and board approval processes under the 2011 Regulations. The transaction status remains at the disclosure/announcement phase pending public offer details.

Why it mattersUnder SEBI Takeover Code Regulation 31(4), disclosure of a substantial acquisition or open offer triggers public announcement obligations and acquirer identity disclosure; this filing signals either a >25% threshold breach or an impending formal takeover announcement, requiring partner review of offer conditions, timing gates (4-21 days for public announcement), and exemptions under Regulation 4(1) (preferential offers, stock exchange acquisitions).
Counsel—
SectorConsumer & Retail
[object Object][object Object][object Object][object Object][object Object][object Object][object Object][object Object]

Sources

Open in the live tracker →

Related deals