Pritish Nandy Communications files SEBI Regulation 31(4) substantial acquisition disclosure

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

Pritish Nandy Communications Limited, listed on NSE, has submitted the mandatory Regulation 31(4) disclosure to the exchange as required under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure indicates that a substantial acquisition event has occurred. The filing is a regulatory milestone in the acquisition process, but the full commercial and legal terms-acquirer identity, acquisition price, number of shares, and timeline-are contained in the detailed disclosure document referenced but not excerpted in the Bar & Bench report. Under Indian takeover law, this disclosure typically triggers a 30-day statutory window for open offer filing if the…

Why it mattersRegulation 31(4) disclosure is triggered when a person acquires 25% or more voting rights; the filing confirms a material change in control or significant share accumulation, with legal implications for open offer obligations and regulatory reporting under the Takeover Code.
SectorTechnology
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