Deepak Baid submits SEBI Regulation 31(4) substantial acquisition disclosure in Laxmi India Finance

M&A / JV 23 Jun 2026 · Announced· ✓ Verified

Deepak Baid has submitted a formal disclosure to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates disclosure when an acquirer crosses specified shareholding thresholds (typically 5% or increments thereof). The filing on 23 June 2026 indicates a material acquisition event in the listed entity Laxmi India Finance Limited. Specific shareholding percentage, consideration amount, and acquirer intent details are contained in the full disclosure document filed with the exchange.

Why it mattersAcquisition above the 5% threshold requires detailed disclosure of shareholding, timing, funding source, and acquirer intent under SEBI SAST Regulations 2011; the filing confirms entry into the regulatory takeover gating regime and potential open offer triggers if threshold breaches 25% or control intent is declared.
Counsel—
SectorFinancial Services
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