Vishnu R Dusad files Regulation 31(4) disclosure under SEBI Takeover Regulations for Nucleus Software

M&A / JV 16 Jun 2026 · Announced· ✓ Verified

Vishnu R Dusad, an identified acquirer, has submitted a formal disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to the National Stock Exchange. Regulation 31(4) requires disclosure when a person acquires or agrees to acquire shares that trigger the 25% threshold or when a band crosses the 5% mark. The filing is a public, exchange-regulated transparency step that indicates either a binding agreement or a crossing of acquisition thresholds, and typically precedes an open offer or an exemption order. This is the primary regulatory notification event in any Indian takeover; the acquirer must now comply with standstill, public…

Why it mattersRegulation 31(4) disclosure is mandatory when an acquirer crosses thresholds or enters into a binding agreement to acquire shares; this filing confirms a gate-triggering event and initiates the standstill/public offer mechanics under the Code-expect an open offer or exemption application to follow within prescribed timelines.
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