Pruthvi Broadcasting Services Private Limited 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.
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Pruthvi Broadcasting Services Private Limited, a member of the promoter group of GTPL Hathway, has submitted a disclosure to the exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires disclosure when a shareholder's holding falls below the minimum threshold prescribed under the takeover code (typically below 5%). The filing indicates a reduction in shareholding by the promoter group entity. No specific share count or percentage is provided in the headline of the announcement.
This is a routine regulatory disclosure triggered by a change in shareholding, not a major event on its own. Shareholders should review the detailed disclosure to understand whether the promoter group's overall stake has materially weakened, as multiple such filings could signal gradual dilution of promoter influence.