Kirloskar Industries: SEBI Regulation 31(4) Substantial Acquisition Disclosure filed by Rahul Kirloskar
Rahul Kirloskar submitted a disclosure to NSE under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires disclosure when a person acquires shares such that their aggregate holding (together with persons acting in concert) crosses material thresholds-typically 25%, 35%, 55%, or 65%-or in related-party acquisition scenarios. The filing is a precursor to or component of a broader acquisition structure affecting Kirloskar Industries, a diversified industrial conglomerate. The specific shareholding percentages, acquisition mechanism (open market, negotiated, preferential allotment, etc.), and…
Why it mattersA Regulation 31(4) filing typically indicates either crossing a mandatory open offer threshold (25%) or a related-party acquisition requiring disclosure; the filing marks the formal trigger of takeover-code procedural obligations and board scrutiny.
Counsel—
SectorIndustrials
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Sources
- NSE Archives (SEBI Takeover Regulation 31(4) Disclosure Filing) · official
- NSE Corporate Action System (NCCAG) · official
- SEBI Website - Takeover Regulations Resources · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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