Satnam Arora files SEBI Regulation 31(4) disclosure for substantial acquisition in Kohinoor Foods Limited
The disclosure under Regulation 31(4) of the SEBI Takeover Regulations, 2011 has been filed by Satnam Arora with NSE. This regulation mandates disclosure when an acquirer crosses specified thresholds of shareholding or voting rights, or when there is an agreement to acquire shares that would trigger takeover norms. The filing is a mandatory step in the Indian M&A regulatory framework and precedes any formal open offer or delisting process. The specific shareholding threshold, acquisition structure, and timeline remain to be disclosed in the full Regulation 31(4) form.
Why it mattersRegulation 31(4) disclosures are the entry point for SEBI takeover oversight; the filing triggers review of concert-party arrangements, open-offer obligations (if 25%+ threshold breached), and disclosure of source of funds - critical gatekeepers for hostile or creeping acquisitions in Indian listed companies.
SectorConsumer & Retail
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Sources
- NSE Archives / Corporate Actions · official
- SEBI Official Website - Takeover Regulations · official
- BSE Listing Centre (Kohinoor Foods Limited) · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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