Quadrant Future Tek: SEBI Takeover Disclosure by Mohit Vohra
The disclosure was submitted to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, indicating that Mohit Vohra has exceeded the 5% materiality threshold in Quadrant Future Tek Limited. Regulation 31(4) requires mandatory disclosure of such acquisitions within 2 trading days. The filing triggers the obligation to make an Open Offer under Regulation 38 unless exempted. The exact quantum of shares acquired and consideration amount are not stated in the excerpt provided.
Why it mattersRegulation 31(4) disclosure requirement is triggered upon crossing a 5% threshold or material change in shareholding pattern; this filing marks the public announcement phase of the acquisition and commences the 4-week Open Offer window under Regulation 38.
CounselUnknown
SectorTechnology
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Sources
- NSE Archives (Bar & Bench Source) · official
- SEBI (SAST) Regulations 2011 - Official Text · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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