Norben Tea & Exports Limited: Disclosure under SEBI Takeover Regulations

M&A / JV 23 Jun 2026 · Announced· ✓ Verified

Manoj Kumar Daga submitted a formal disclosure to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure is filed when a person or group crosses specified threshold shareholdings (typically 25%, 35%, or 55%) or is about to do so. The exact shareholding percentage and consideration amount are not disclosed in the Bar & Bench abstract; the full filing on NSE would contain the detailed structure, timing of acquisition, and any conditions precedent.

Why it mattersA Regulation 31(4) disclosure triggers ongoing public disclosure obligations under the Takeover Code; counsel must audit whether a full Section 4 mandatory offer requirement is triggered based on the aggregate shareholding percentage and prior holdings of the acquirer.
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