Milan Mahendra Mehta files SEBI Takeover disclosure under Regulation 31(4) for substantial acquisition in Precision Wires India
Milan Mahendra Mehta has submitted a Regulation 31(4) disclosure to NSE, the mandatory filing required when a person acquires shares in a listed company crossing specified thresholds. The regulation mandates disclosure within two trading days of acquisition. This filing indicates either a fresh acquisition or crossing of a threshold that triggers disclosure obligations. The specific acquisition value, share count, acquisition date, and acquisition price are not disclosed in the available public filing summary.
Why it mattersDisclosure under Reg. 31(4) implies the acquirer has crossed a statutory threshold (typically 5%, 10%, 25%, or 51%); the filing locks in the announcement-to-open-market window and triggers mandatory open offer obligations if applicable-partners must confirm threshold, timing of acquisition vs. disclosure, and whether an open offer is triggered.
SectorIndustrials
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Sources
- NSE Corporate Archives · official
- SEBI (SAST) Regulations 2011 – Regulation 31(4) · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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