Sanjay Karsandas Thakkar Files Substantial Acquisition Disclosure under SEBI Takeover Regulations
Sanjay Karsandas Thakkar submitted a formal disclosure to NSE under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations. Regulation 31(4) mandates disclosure of acquisitions crossing specified thresholds (25%, 50%, 75%, 90% of voting capital) or changes in control. The filing does not publicly specify the percentage acquired, acquisition price, or funding structure from the abstract; full details are contained in the official NSE disclosure PDF. Landmark Cars Limited operates as a used-vehicle retail platform listed on NSE and BSE.
Why it mattersRegulation 31(4) disclosure triggers mandatory open-offer or exemption relief analysis under SEBI SAST; the filing date and quantum will determine whether a full takeover offer or selective acquisition exemption applies.
SectorConsumer & Retail
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Sources
- NSE Corporate Filings - Landmark Cars Limited · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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