Prabha Energy Limited: Substantial Acquisition Disclosure under SEBI Takeover Code
Paras Shantilal Savla submitted a formal disclosure to NSE under SEBI Regulation 31(4) of the Substantial Acquisition of Shares and Takeovers Regulations, 2011. The filing was received by the exchange on 22 June 2026. Regulation 31(4) requires disclosure when a person or entity acquires shares that breach the 5% threshold or intends to acquire more than 25% of shareholding, or when a substantial shareholder initiates or proposes a takeover. The specific shareholding percentage, acquisition price, and whether this is a creeping acquisition or formal open offer declaration are not detailed in the primary Bar & Bench reference but would be contained in the NSE filing itself.
Why it mattersRegulation 31(4) disclosures are substantive gating events signalling either a >5% shareholding trigger or a formal open offer declaration; partners must verify whether this presages a full takeover bid, creeping acquisition, or mere disclosure of existing holdings under regulatory thresholds.
SectorEnergy & Renewables
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