JTEKT Corporation files substantial acquisition disclosure under SEBI Takeover Code

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

JTEKT Corporation, the listed Japanese automotive supplier, has submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, to NSE in respect of JTEKT India Limited. The regulation mandates disclosure within two days of acquisition crossing the 25% threshold in a listed company. This filing indicates either a direct acquisition by JTEKT Corp or an indirect holding structure that has triggered the threshold. The open offer is expected to commence within four weeks and will likely target minority shareholders at a price not less than the highest of (a) the average 52-week high, (b) the price paid in the acquisition, or (c)…

Why it mattersA SEBI Reg. 31(4) disclosure signals crossing of the 25% threshold and initiates the 4-week window for trigger announcement and commencement of the mandatory open offer; transactional counsel must flag the 26% offer price floor and exemption routes under Reg. 10.
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