Dhanpal Doshi files substantial acquisition disclosure for Indo Thai Securities under SEBI Takeover Code

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

Dhanpal Doshi submitted a Regulation 31(4) disclosure to NSE on or around 16–19 June 2026 concerning substantial acquisition of shares in Indo Thai Securities Limited. Regulation 31(4) requires an acquirer to disclose to the exchange within 2 trading days of crossing a threshold (typically 5% or acquisition of control). The disclosure sets a timeline for the open offer (if triggered) and investor protection notice.

Why it mattersA Reg 31(4) disclosure marks the formal commencement of the takeover process under the SEBI Code; subsequent filings (detailed regulation notice, open offer if >25% acquired) and a 4-week review period typically follow.
SectorFinancial Services
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