ION Exchange (India) Limited: Substantial Acquisition Disclosure under SEBI Takeover Regulations
ION Exchange (India) Limited, a water-treatment and air-purification chemicals manufacturer with a strong industrial heritage, has triggered the mandatory disclosure regime under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The Regulation 31(4) filing is filed post-event: it requires disclosure of the acquirer's identity, shareholding %, consideration per share, number of shares acquired, the date of acquisition, and whether the acquisition was direct/indirect or through an open offer trigger. The disclosure does not itself name the acquirer in the NSE archive title, requiring the full PDF of the disclosure document to identify the actual buyer and deal…
Why it mattersThe filing flags a creeping or negotiated acquisition; partners must immediately obtain the full Regulation 31(4) disclosure to identify the acquirer, shareholding % crossed, and any deal conditions that gate partner involvement (e.g., reverse due diligence, minority board-seat carve-outs, or management continuity covenants).
SectorIndustrial & Manufacturing
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Sources
- NSE Corporate Archive (IONEXCHANG filing) · official
- SEBI Official - Takeover Regulations, 2011 · official
- BSE Corporate Actions Archive · official
- ION Exchange (India) Limited - Investor Relations / Official Announcements · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official