Heliotrope Real Estate files substantial acquisition disclosure in RattanIndia Power

M&A / JV 3 Jul 2026 · Announced· ✓ Verified

Heliotrope Real Estate Private Limited has submitted a formal disclosure to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure is mandatory when an acquirer acquires shares or voting rights exceeding 25% of total shareholding or voting rights, or announces an intention to acquire control. The filing initiates the public scrutiny and compliance window under India's takeover code. Specific details of shareholding percentage, consideration and deal structure are contained in the full disclosure document.

Why it mattersRegulation 31(4) disclosure is a gating filing for any acquirer crossing 25% shareholding or announcing a public offer; this disclosure confirms the transaction has crossed a mandatory disclosure threshold and triggers the 60-day public offer timeline under SEBI Takeover Regulations, 2011.
SectorEnergy & Renewables
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