Shishir Kumar Bajoria Files Substantial Acquisition Disclosure under SEBI Takeover Code
Shishir Kumar Bajoria has filed a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the NSE. Regulation 31(4) requires disclosure of acquisition of shares or voting rights that cross specified thresholds (5%, 10%, 15%, 25%, etc.) or represent a material increase. The filing is lodged with the stock exchange and is a public regulatory document. The exact shareholding quantum, acquisition date, and consideration are contained within the filed disclosure document itself.
Why it mattersSubstantial acquisition disclosures under Reg 31(4) signal a threshold breach (typically ≥5% or a material increase); counsel advising acquirers must immediately verify whether this triggers mandatory open offer obligations or exemptions under Reg 10 or 11, and coordinate with the target's board on announcement timing.
Counsel—
SectorIndustrials
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Sources
- NSE Corporate Archives · official
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 · official
- IFGL Refractories Limited - NSE Investor Relations / Company Announcements · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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