Adarsh Advisory Services files SEBI Regulation 31(4) takeover disclosure for JSW Cement

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

Adarsh Advisory Services Private Limited has submitted a mandatory disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Regulation 31(4), to the National Stock Exchange, signalling a substantial acquisition of shares in JSW Cement Limited. This filing is triggered once an acquirer's shareholding or voting rights reach or exceed 25% or such other threshold as prescribed in the regulations. The disclosure initiates formal takeover regulation compliance and requires the acquirer to launch a public open offer to minority shareholders at a price determined by valuation norms under the takeover code. The acquisition structure, consideration amount, and…

Why it mattersA Regulation 31(4) disclosure is a gate-keeper filing that locks the acquirer into open-offer mechanics; counsel must immediately review the acquirer's ability to carry the price-band valuation and ensure the open offer timeline and documentation comply with current SEBI takeover code rules and any recent amendments to Regulation 37 (pricing floors).
CounselAdarsh Advisory Services Private Limited
SectorIndustrials
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