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
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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
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