SEBI Takeover Regulation 31(4) Disclosure by Nirmal Jain and Venkataraman Rajamani in IIFL Capital Services
The disclosure was submitted to NSE under the SEBI takeover rules requiring acquirers to declare when they cross material shareholding thresholds. Nirmal Bhanwarlal Jain and Venkataraman Rajamani are identified as the acquirers. The specific shareholding percentage, acquisition date, and consideration remain to be confirmed from the filed disclosure document itself.
Why it mattersRegulation 31(4) disclosures signal movement toward or past the 25% statutory threshold for mandatory takeover offer; review whether open offer or exemption grounds (permitted acquirer, linked party) apply here.
SectorFinancial Services
[object Object][object Object][object Object][object Object][object Object][object Object]
Sources
- NSE Archives - SEBI Takeover Disclosure Filing · official
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 · official
- SEBI Takeover Regulations Frequently Asked Questions & Guidance · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · 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