Bina Modi 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.
GODFRYPHLP · price
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Bina Modi, a promoter/promoter group entity of Godfrey Phillips India, has submitted a copy of her disclosure to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters or persons in control to disclose details when their shareholding triggers certain conditions, typically related to acquisition or changes in control. The specific nature of the disclosure — whether it relates to encumbrance, acquisition, or a statement that no open offer is intended — is not detailed in the headline. No specific numbers, percentages, or transaction details are mentioned in the filing summary.
This is a routine regulatory compliance disclosure and is unlikely to have an immediate material impact on the stock price. Shareholders should look for the full disclosure document to understand the exact reason and any associated shareholding details.