Vishal Mehta files substantial acquisition disclosure for Odigma Consultancy Solutions
Vishal Mehta has submitted to NSE a Regulation 31(4) disclosure under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates disclosure when an acquirer crosses 5% of paid-up capital or voting rights, or makes any further acquisition thereafter. The disclosure is a prerequisite trigger for either a mandatory open offer (if 25% threshold is crossed) or continued 2% creep disclosures. The filing was made on the NSE corporate portal, confirming the transaction is in public domain.
Why it mattersRegulation 31(4) disclosures are mandatory within 2 IIM (working days) of crossing 5% threshold; this filing confirms the 5% creep or formal open offer trigger has been breached, requiring full PA/OFS mechanics review under current SEBI M&A rules.
SectorTechnology
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Sources
- NSE Archives – Corporate Filings (Primary Disclosure) · official
- SEBI – Substantial Acquisition of Shares and Takeovers Regulations, 2011 · official
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