PAGAC Ecstasy Pte Ltd discloses substantial acquisition in Nuvama Wealth Management under SEBI Takeover Code

M&A / JV 19 Jun 2026 · Announced· ✓ Verified

PAGAC Ecstasy Pte Ltd has submitted a disclosure to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure is mandatory when an acquirer crosses specified thresholds of beneficial ownership in a listed target. The filing does not reveal the precise stake percentage, consideration amount, or timing of acquisition in publicly available summaries, but confirms the transaction is subject to full SEBI Takeover Code governance including open offer trigger analysis.

Why it mattersRegulation 31(4) disclosure is a gateway event: it signals crossing of a statutory threshold (likely 5% or higher) and locks the acquirer into open offer mechanics, timing gates and disclosure schedules under the SEBI Takeover Code-a critical structuring checkpoint for multi-tranche acquisitions.
SectorFinancial Services
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