PNC Infratech: Chakresh Kumar Jain Disclosure under SEBI Regulation 31(4) on Substantial Acquisition
Chakresh Kumar Jain submitted a Regulation 31(4) disclosure to the NSE under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was archived on the NSE corporate archive system as of 22 June 2026. This regulation mandates that any person acquiring 5% or above of the voting capital of a listed company must make an immediate disclosure. The specific shareholding percentage, acquisition price, and any conditions precedent are not detailed in the Bar & Bench article abstract but would be contained in the full disclosure filing.
Why it mattersRegulation 31(4) disclosures typically follow acquisition of 5% or above in voting shares, triggering mandatory open offer or exemption; advisors must verify whether this triggers Reg 25 open offer or qualifies for exemption under Reg 31A.
SectorInfrastructure
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Sources
- NSE Corporate Archive (Bar & Bench extract) · official
- NSE - Corporate Governance & Disclosure Portal · official
- SEBI - Takeover Regulations, 2011 (Official Text) · official
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