Nandani Creation Limited files SEBI Regulation 31(4) substantial acquisition disclosure
The disclosure is filed under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Regulation 31(4), which mandates public filing once a 25% or higher shareholding threshold is crossed or an open offer is announced. The NSE archive reference (JAIPURKURT ticker) indicates the company is listed on NSE. Without access to the full disclosure document, the acquirer's identity, acquisition value, and number of shares acquired remain unconfirmed.
Why it mattersRegulation 31(4) filings are gating: they confirm crossing a statutory threshold and typically precede open offer obligations under Regulations 38-39; practitioners must immediately cross-check the full disclosure for acquirer identity, consideration, conditions precedent, and open-offer timeline.
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Sources
- NSE Archives (JAIPURKURT) · official
- Bar & Bench
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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