Saurabh Amrutbhai Patel files substantial acquisition disclosure for Scoda Tubes Limited
The disclosure was submitted to NSE under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Regulation 31(4), which mandates public notification of acquisitions crossing prescribed thresholds of voting equity. Scoda Tubes is an industrial manufacturing company listed on NSE. The filing indicates a material stake acquisition, likely triggering open offer requirements and disclosure obligations under the takeover code. The exact shareholding percentage, consideration and timetable require review of the actual disclosure filing.
Why it mattersRegulation 31(4) disclosures signal threshold-crossing acquisitions (typically 5%+) and activate open offer mechanics-partners must verify whether the acquirer is subject to 26% or alternative open offer obligation and structure any follow-on consolidation accordingly.
SectorIndustrials
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Sources
- NSE Corporate Archives · official
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 · official
- NSE Market Data - SCODATUBES · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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