Srinivasa Rao Gaddipati Discloses Substantial Acquisition in Likhitha Infrastructure Limited

M&A / JV 29 Jun 2026 · Announced· ✓ Verified

Srinivasa Rao Gaddipati submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to the NSE, documenting acquisition of voting rights in Likhitha Infrastructure Limited. Regulation 31(4) mandates disclosure within 4 working days of crossing the 5% threshold. The disclosure does not yet reveal the exact stake acquired, open-offer threshold, or structural form (direct/indirect, individual/entity-backed), indicating the full Form was filed with the exchange but the news summary captures only the headline fact. Depending on whether the 25% threshold was crossed, Gaddipati may be obliged to make a mandatory open offer to all…

Why it mattersA Reg 31(4) disclosure is a gating notice filed within 4 working days of acquiring 5%+ voting rights in a listed entity; partners must immediately stress-test whether the acquirer has crossed the 25% threshold (triggering a 60-day mandatory open offer), whether any exemptions apply, and what the target's article-of-association provisions (creeping clause, voting caps) entail.
SectorInfrastructure
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