GE STEAM POWER INTERNATIONAL B.V. has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
GVPIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GE Steam Power International B.V., the promoter entity of GE Power India, has submitted a declaration to the exchange as required under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation applies when an acquirer already holds more than 25% of a company's shares, and the declaration states that the promoter will not acquire additional shares from the market without making a public open offer for at least 26% of the public shareholding. The filing is a routine compliance disclosure and does not involve any actual buy or sell transaction.
This is a standard regulatory compliance filing with no direct impact on share price or shareholder value. It simply confirms the promoter is adhering to SEBI takeover rules and will not quietly build its stake beyond the 25% mark without offering to buy from public shareholders.