HT Media / Next Mediaworks: SEBI Takeover Disclosure Filed
HT Media Limited submitted a Regulation 31(4) and 31(5) disclosure to NSE in June 2026 regarding Next Mediaworks Limited. The specific terms of the acquisition-including acquisition price, percentage of stake, acquirer identity, and timeline to completion-are contained in the filed disclosure document. Regulation 31 disclosures are mandatory when a person or group acquires or announces intent to acquire 25% or more of voting capital, or where the stock exchanges are notified of a formal offer.
Why it mattersThe Regulation 31(4)/(5) disclosure is a mandatory gate for acquisitions crossing 25% of voting capital in India; this filing signals the transaction has entered the public disclosure phase and triggers mandatory offer mechanics under the Takeover Code.
SectorConsumer & Retail
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Sources
- NSE Archives - SEBI Takeover Disclosure Filing · official
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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