Saurashtra Cement files SEBI Regulation 31(4) disclosure on substantial acquisition
Saurashtra Cement Limited submitted to NSE a formal disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Regulation 31(4), which mandates disclosure of acquisitions crossing prescribed thresholds. The filing indicates either a 25%+ acquisition (triggering mandatory open offer) or an ongoing share purchase programme. The precise acquirer name, stake acquired, consideration, and structural terms are contained in the filed disclosure document but not disclosed in publicly available press.
Why it mattersThe filing triggers mandatory open offer obligations under SEBI SAST Regulations 2011 if the threshold of 25% shareholding has been breached; verify acquirer identity and shareholding ladder in the filed disclosure document to assess open offer quantum and timeline.
SectorIndustrials
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Sources
- NSE Archives - Saurashtra Cement Ltd Disclosure Filing · official
- SEBI Official Regulations - SAST Regulations 2011 · official
- NSE Notification Portal · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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