Samarth Bharatbhai Patel files substantial acquisition disclosure in Scoda Tubes Limited under SEBI Takeover Code
Samarth Bharatbhai Patel has submitted a copy of the disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to the NSE. This disclosure indicates a substantial acquisition event; the specific number of shares acquired, acquisition price, and any conditions precedent are contained in the filed disclosure document. Such filings are mandatory within two trading days of the acquisition crossing the 25% threshold or within the prescribed timeline under the SAST Regulations.
Why it mattersRegulation 31(4) filings (post-acquisition disclosure of substantial shareholding) trigger mandatory open offer obligations if the threshold (25% for initial, 5% incremental) is breached; ensure the disclosure aligns with acquisition date, pricing and PAC conditions under SEBI SAST Regulations.
SectorIndustrials
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Sources
- NSE Corporate Filings Archive · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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