Krishna Kumar Choudhary files SEBI Regulation 31(4) disclosure for substantial acquisition in Rashi Peripherals
Krishna Kumar Choudhary submitted a formal disclosure to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure is a mandatory requirement when an acquirer crosses prescribed thresholds (typically 25% or higher) in a listed company or intends a takeover. The filing initiates the open offer process and sets off a defined timeline for completion under SEBI supervision.
Why it mattersRegulation 31(4) disclosure typically signals crossing of 25% shareholding threshold or acquisition triggering open offer obligation; the acquirer must now make requisite public disclosures of intent, offer price, and shareholding structure per SEBI SAST Regulations 2011.
SectorTechnology
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Sources
- NSE Archives (Corporate Filings) · official
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 · official
- NSE Listing Regulations & Guidelines · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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