Vivek Biyani files substantial acquisition disclosure under SEBI Takeover Regulations for Praxis Home Retail

Regulatory 19 Jun 2026 · Filed / open· ✓ Verified

Vivek Biyani submitted the disclosure to NSE as per SEBI Takeover Regulations. The filing is a Regulation 31(4) disclosure, which is typically required when a person acquires or proposes to acquire shares in a listed company such that the acquirer would hold 25% or more of the voting rights, or would change control. The specific shareholding quantity and acquisition structure are contained in the filed disclosure document. This filing is a mandatory step in any substantial acquisition framework and does not by itself indicate completion but rather the formal notice of intent or ongoing acquisition.

Why it mattersRegulation 31(4) disclosure is a gating filing for any acquisition crossing 25% threshold or change of control; the filing triggers mandatory open offer obligations if thresholds are breached, making this a key precedent for tracking acquirer intent and regulatory compliance timelines.
SectorConsumer & Retail
[object Object][object Object][object Object][object Object][object Object][object Object][object Object]

Sources

Open in the live tracker →

Related deals