Quest Capital Markets triggers substantial acquisition disclosure in PCBL Chemical Limited
Quest Capital Markets Limited has submitted to NSE a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates that when a person acquires 5% or more of voting shares in a listed company, or when holdings cross 10%, 15%, 25%, or 50%, the acquirer must publicly disclose within 2 working days. The disclosure typically includes the acquirer's identity, shareholding pattern, acquirer background, group entities, funding source, and intent (whether open offer or otherwise is contemplated). PCBL Chemical Limited is a chemical manufacturer listed on the BSE and NSE.
Why it mattersA substantial acquisition trigger under Reg 31(4) requires the acquirer to make a contemporaneous open offer within 60 calendar days; counsel must verify threshold crossing date, excluded categories, and any prior acquirer concert to calculate true open-offer size and timeline risk.
SectorIndustrials
[object Object][object Object][object Object][object Object][object Object][object Object][object Object][object Object]
Sources
- NSE Archives - NSE Corporate Disclosures · official
- BSE Limited - Corporate Announcements · official
- SEBI - Takeover Regulations and Guidance · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
Related deals
- Rajani Associates advises Wanbury on ₹205 crore redemption of debentures31 Aug 2026 · ₹205 cr
- Cyril Amarchand Mangaldas, Khaitan & Co act on Horizon Industrial Parks ₹2,600 crore IPO31 Aug 2026 · ₹2,600 cr
- CMS INDUSLAW, SAM, TT&A, CAM act on Yulu Bikes $93 million Series C fundraise31 Aug 2026 · $93 mn
- Piramal Finance Limited: Press Release31 Aug 2026 · ₹3,850 cr
- Welspun Living Limited: General Updates31 Aug 2026
- Tribhovandas Bhimji Zaveri Limited: Public Announcement-Open Offer31 Aug 2026