Nihar Nilekani 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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Nihar Nilekeni, part of the Infosys promoter group, has submitted a disclosure under Regulation 31(4) of SEBI's Takeover Regulations, 2011 with the stock exchanges. This regulation requires disclosure when a person's shareholding falls below the mandatory reporting threshold (such as the 5% mark). The filing itself is a procedural submission of the disclosure copy; specific transaction details such as direction (buy/sell), number of shares, or pricing are not provided in the announcement.
This is a routine compliance disclosure and on its own does not signal a material change in promoter control. Shareholders should look for the full disclosure document to understand whether the change involves a sale, transfer, or pledge of shares and the size of the change.