Landsmill Green Limited files substantial acquisition disclosure under SEBI Takeover Code
Landsmill Green Limited has submitted to the National Stock Exchange (NSE) a formal disclosure under Regulation 31(4) of the SEBI Takeover Regulations, 2011. This disclosure is typically filed when a person or group of persons acquires a substantial shareholding (often crossing the 5% or 25% thresholds) in a listed company, or when a promoter/group entity makes material changes to shareholding post-acquisition. The filing initiates the regulatory cascade: review of exemption eligibility, calculation of open offer obligation threshold, and commencement of the 30-day open offer period (if no exemption is available). The identity of the acquirer, the exact holding acquired, and any…
Why it mattersThe filing triggers mandatory open offer or exemption review under SEBI takeover rules; acquirer identity, holding threshold breach (5%/25%), and exemption eligibility (promoter/group entity/institutional investor) will determine next-stage open offer obligations and timeline.
SectorIndustrials
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Sources
- NSE Archives - Team Sandesh filing · official
- NSE Corporate Announcements Portal · official
- SEBI Takeover Code (Official Text) · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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