Rakesh Kumar Rawat Submits SEBI Takeover Disclosure for Prozone Realty Limited
Rakesh Kumar Rawat has submitted a mandatory disclosure to the NSE under Regulation 31(4) of the SEBI Takeover Code. This regulation requires acquirers to disclose to the stock exchange and the company when they have crossed or are about to cross specified thresholds of substantial shareholding. The filing does not specify the exact shareholding percentage, acquisition value, or timeline for a potential open offer, which would typically be detailed in the full disclosure document filed with SEBI.
Why it mattersRegulation 31(4) disclosures signal materiality thresholds crossed (typically 5% or higher) and trigger public announcement requirements; practitioners must verify the precise shareholding acquired and assess whether a full open offer is mandated under Regulation 38.
SectorConsumer & Retail
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Sources
- NSE Archives – SEBI Takeover Disclosure Filing · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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