Abhishek Narbaria files substantial acquisition disclosure under SEBI Takeover Code
The disclosure was submitted to the NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Reg 31(4) requires that when an acquirer intends to make a public announcement of acquisition, the exchange must be notified in advance. This filing precedes formal public announcement and triggers board approval, valuation and due diligence obligations. The acquirer's identity (Abhishek Narbaria), target (TCC Concept Limited), and timing confirm the announcement phase of a material corporate acquisition.
Why it mattersFiling of Regulation 31(4) disclosure triggers mandatory public announcement and board comment requirements; practitioner must verify whether the acquisition crosses 25% threshold and confirm exemption applicability before structuring post-disclosure tranches.
SectorConsumer & Retail
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Sources
- NSE Archives (Corporate Disclosures) · official
- NSE Regulation Data (Takeover Code) · official
- SEBI Official (SAST Regulations 2011) · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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