V.S.S. Mani Disclosure under SEBI Takeover Regulations

M&A / JV 24 Aug 2026 · Announced· ✓ Verified

V.S.S. Mani submitted a Regulation 10(5) disclosure to NSE on 24 August 2026 concerning Just Dial Limited. Under SEBI (SAST) Regulations 2011, Regulation 10(5) requires disclosure when an acquirer crosses specified shareholding thresholds (typically 5%, then 10%, 15%, 20%, 25%, 30%, 40%, 50%, 60%, 70%, 80%, 90% and 100%). The disclosure filed with the exchange is the formal notification of this material change and sets off statutory timelines for any mandatory open offer. Just Dial operates in the digital classifieds and local search vertical, making this acquisition signal material to listed equity holders.

Why it mattersRegulation 10(5) disclosure triggers the acquirer's obligation to announce a full takeover bid or open offer within 60 days if the threshold (triggering level post-filing) is crossed; counsel must confirm whether this is a precursor to an open offer or strategic stake consolidation below mandatory bid levels.
Counsel—
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