Eshwary Krishnan files substantial acquisition disclosure for Just Dial under SEBI Takeover Code

M&A / JV 22 Jun 2026 · Announced· ✓ Verified

Eshwary Krishnan has submitted a Regulation 31(4) disclosure to NSE concerning substantial acquisition of Just Dial Limited shares. Under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, any person acquiring 25% or more of voting rights, or acquiring any number of shares within 52 weeks of a prior 25% threshold breach, must disclose within two trading days and thereafter comply with open-offer and regulatory approval requirements. The timing and full acquisition structure remain to be detailed in formal disclosures and merchant-banker advisories.

Why it mattersRegulation 31(4) disclosure is the formal entry point for SEBI takeover regulation-every acquisition hitting the 25% threshold or any acquisition within 52 weeks of crossing 25% must file within two trading days; this establishes the acquirer's legal standing and sets the clock for mandatory open-offer computation and merchant-banker appointment.
SectorConsumer & Retail
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