Siddeshwari Tradex discloses substantial acquisition in Hexa Tradex under SEBI takeover code
Siddeshwari Tradex Private Limited submitted to NSE a disclosure under Regulation 31(4) of the SEBI Takeover Regulations 2011, evidencing a substantial acquisition event in Hexa Tradex Limited. Regulation 31(4) requires disclosure when a party acquires 25% or more voting rights or control. This is a foundational disclosure; open offer and other obligations follow statutory timelines. The specific quantum of shares and consideration are not detailed in the regulatory announcement itself.
Why it mattersRegulation 31(4) disclosures flag acquisitions at or above the 25% threshold or material changes in shareholding; counsel must advise on subsequent open offer obligations, exempt acquisition conditions, and backdoor listing risk if applicable.
SectorFinancial Services
[object Object][object Object][object Object][object Object][object Object][object Object][object Object]
Sources
- NSE Corporate Archives · official
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 · official
Related deals
- Jana Small Finance Bank, Federal Bank shares fall amid merger buzz; NSE seeks clarification25 Aug 2026
- Sammaan Capital Limited: Timely Interest Payment Certification on Listed Debentures25 Aug 2026
- Sammaan Capital Limited: Timely Interest Payment on Secured Redeemable Non-Convertible Debentures25 Aug 2026
- Sammaan Capital Limited: Timely Interest Payment Certification on Listed Debentures25 Aug 2026
- Piramal Finance Limited Board approves preferential issue of warrants to promoter group24 Aug 2026 · ₹1,750.03 cr
- Piramal Finance Limited: Qualified Institutional Placement approved by Committee24 Aug 2026