Nagdevi Trading makes substantial acquisition disclosure in Monte Carlo Fashions under SEBI takeover code

M&A / JV 1 Jul 2026 · Announced· ✓ Verified

Nagdevi Trading and Investment Company Ltd submitted a formal disclosure to the National Stock Exchange of India regarding a substantial acquisition of shares in Monte Carlo Fashions Limited, a publicly listed fashion and apparel company. The disclosure was filed under Regulation 31(4) of the SEBI Takeover Regulations 2011, which mandates transparency when an acquirer crosses specified shareholding thresholds or concert-party conditions are triggered. The specific acquisition price, number of shares acquired, and total shareholding percentage are not disclosed in the headline article and will require access to the full regulation 31(4) disclosure document.

Why it mattersA Regulation 31(4) disclosure signals a threshold crossing (typically 5%+ acquisition or trigger of concert-party provisions) requiring open-market disclosure; the acquirer must now comply with subsequent takeover milestones including open offer triggers if 25%+ aggregate held.
SectorConsumer & Retail
[object Object][object Object][object Object][object Object][object Object][object Object][object Object]

Sources

Open in the live tracker →

Related deals