Chetan Shah files substantial acquisition disclosure under SEBI Takeover Regulations for Marathon Nextgen Realty Limited

M&A / JV 30 Jun 2026 · Announced· ✓ Verified

Chetan Shah has submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, to the NSE for Marathon Nextgen Realty Limited. Regulation 31(4) requires disclosure of acquisitions of shares and voting rights in listed companies when prescribed thresholds are crossed. The filing signals a substantial change in shareholding or control and triggers the mandatory disclosure and potential open-offer obligations under the SEBI takeover code.

Why it mattersA Regulation 31(4) filing signals a substantial acquisition crossing materiality thresholds; the acquirer must now comply with open-offer requirements and disclosures under SEBI SAST Regulations unless exemptions apply or the acquisition remains below trigger levels.
SectorFinancial Services
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