Anil Agarwal files SEBI takeover disclosure under Regulation 31(4)
Anil Agarwal has submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to NSE, signalling a substantial acquisition or further acquisition in STL Networks Limited. The regulation mandates disclosure within two working days of crossing key shareholding thresholds. The formal disclosure notice has been filed but the underlying transaction terms (price, quantum, conditions) are not disclosed in this notice itself.
Why it mattersRegulation 31(4) disclosure is mandatory where an acquirer crosses key thresholds (typically 25% or subsequent 5% slabs); the filing confirms a material shareholding event but does not itself disclose the acquisition price, post-acquisition percentage, or consideration mechanism-those details are embedded in the full Form DIS-3 filing.
SectorTelecom
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Sources
- NSE Archives - STL Networks Limited Disclosure · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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