Asia Consolidated DMC Pte. Ltd files substantial acquisition disclosure under SEBI Takeover Code

M&A / JV 15 Jun 2026 · Announced· ✓ Verified

Asia Consolidated DMC Pte. Ltd, incorporated in Singapore, has submitted a mandatory disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to the NSE. This disclosure is triggered when a person acquires shares or voting rights in a listed company such that the aggregate holding crosses 25% of the paid-up capital or voting rights, or when an acquirer intends to acquire such a threshold. The filing initiates the statutory timeline for Yatra Online's board to form an independent committee, evaluate the offer terms, and for the acquirer to launch a mandatory open offer to remaining shareholders.

Why it mattersA Regulation 31(4) disclosure gates the timing of the subsequent open offer under the Takeover Code-the acquirer must now follow mandatory offer rules and timing windows, which are material practice points for counsel managing the bid mechanics and shareholder communications.
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