Network18 Media discloses substantial acquisition in Infomedia Press Limited under SEBI Takeover Regulations
Network18 Media & Investments Limited submitted a formal disclosure to the National Stock Exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, signalling a substantial stake acquisition in Infomedia Press Limited. The disclosure triggers the mandatory takeover notice and public announcement framework. This is a regulatory milestone in a proposed acquisition of the media and publishing company.
Why it mattersRegulation 31(4) disclosure marks entry into public acquisition notice phase; the acquirer must now comply with mandatory bid requirements and detailed disclosure timelines under SEBI Takeover Regulations 2011.
SectorMedia & Entertainment
[object Object][object Object][object Object][object Object][object Object][object Object][object Object]
Sources
- NSE Archives – Corporate Announcements · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official