M&M files SEBI Regulation 31(4) disclosure regarding substantial acquisition in MHRIL
M&M submitted its Regulation 31(4) disclosure to NSE on 18 June 2026 regarding MHRIL, a listed resort and hospitality subsidiary. Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 requires disclosure when a substantial acquisition (typically 25%+) has occurred, and ordinarily triggers an obligation to make an open offer to public shareholders at a specified price unless exempted. The disclosure filing is the formal regulatory step initiating takeover code compliance.
Why it mattersReg 31(4) filings signal crossing of 25% or higher acquisition thresholds-partners must immediately review whether M&M intends a full delisting (common in cash-cow subsidiaries) or merely increased control consolidation, as each path has distinct regulatory exit mechanics and shareholder protections.
Counsel—
SectorConsumer & Retail
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Sources
- NSE Archives (Primary Disclosure) · official
- SEBI Regulations Database · official
- SEBI Delisting Regulations, 2021 · official
- Bar & Bench (Primary News Source)
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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