Bhavish Aggarwal files SEBI Takeover Regulation 31(4) disclosure with NSE for Ola Electric

Regulatory 22 Jun 2026 · Filed / open· ✓ Verified

Under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, any person acquiring 5% or more of shares (or crossing the 20% or 25% threshold) must file a disclosure with the stock exchange. Regulation 31(4) specifically requires disclosure of acquisition details. Bhavish Aggarwal's filing on 22 June 2026 indicates a change in his substantial holding in Ola Electric Mobility Limited, a prominent EV manufacturer listed on NSE. The precise quantum, timing and nature of the acquisition (purchase, pledge, or change in control) would be detailed in the full disclosure document filed with NSE.

Why it mattersRegulation 31(4) disclosures indicate a shareholding event (acquisition/pledge/change of control) that crossed the 5% or 25% threshold or triggered open offer obligations; partners advising on Ola transactions must review whether open offer mechanics, lock-in periods or public announcement requirements apply.
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