Raj P Narayanam files SEBI Regulation 31(4) disclosure for substantial shareholding in Zaggle Prepaid Ocean Services

M&A / JV 18 Jun 2026 · Filed / open· ✓ Verified

The disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Regulation 31(4) was filed by Raj P Narayanam with the National Stock Exchange. This regulation requires disclosure when a person acquires substantial shares or voting rights in a listed company, typically triggering mandatory open offer provisions. The specific shareholding percentage, acquisition date, and consideration have not been publicly detailed in accessible sources.

Why it mattersRegulation 31(4) disclosures signal a substantial acquisition event (typically >25% or crossing key thresholds) and trigger mandatory open offer obligations unless exempted; the filing itself is the regulatory gating event that crystallizes the acquirer's public disclosure and takeover code compliance timeline.
SectorFinancial Services
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