Banwarilal Malu files substantial acquisition disclosure under SEBI Takeover Code
Banwarilal Malu has submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, to the National Stock Exchange of India (NSE). This disclosure is mandatory when a person acquires 5% or more (up to 10%) of the voting rights in a listed company through substantial acquisition. The filing confirms a material shareholding change in Malu Paper Mills Limited and triggers ongoing transparency obligations under the Takeover Code. No offer price, target percentage stake, or deal value is disclosed in the primary NSE filing.
Why it mattersRegulation 31(4) disclosures signal entry into the 5–10% trigger band and require open-market/off-market acquisition disclosures; subsequent filings will clarify deal structure (preferential/open offer mechanics) and timeline to open offer if threshold is breached.
SectorIndustrials
[object Object][object Object][object Object][object Object][object Object][object Object]
Sources
- NSE Corporate Filings Archive · official
- NSE Listed Companies Database · official
Related deals
- Which law firms are advising on Anthropic's IPO?28 Oct 2026 · $1.5
- Hero MotoCorp Limited: Acquisition28 Oct 2026 · ₹300 cr
- Zensar Technologies Limited: Amalgamation/Merger28 Oct 2026
- Hexaware Technologies Limited: Amalgamation/Merger28 Oct 2026
- Dodla Dairy Limited: General Updates28 Oct 2026
- Jindal Stainless Limited: Acquisition28 Oct 2026