BSEBajaj Global LtdHighNeutral
Announced Tue, 9 Dec · 14:16 IST

The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vidarbha Tradelinks Pvt Ltd

Promoter Stake BuyPromoter Stake Sell 1pctOwnership Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Vidarbha Tradelinks Private Limited has informed BSE of acquiring 92,000 equity shares of Bajaj Global Ltd from Rohit Polytex Limited pursuant to an NCLT-approved scheme of arrangement (covering Balaji Exports Pvt Ltd, Rohit Polytex Ltd, and Vidarbha Tradelinks Pvt Ltd). As a result, Vidarbha Tradelinks' holding rises from 1,25,000 shares (1.84%) to 2,17,000 shares (29.3%) of the company, while Rohit Polytex's stake falls to NIL. The transaction is reported as having been done at NIL price, being an inter-se transfer, and is exempt from the open offer requirement under Regulation 10(1)(d)(iii) of the SEBI Takeover Regulations.

Likely market impact

This is a reshuffling of shares within the promoter/promoter-group entities via a court-sanctioned restructuring — no open offer is triggered and ultimate promoter control remains effectively the same, making it largely neutral for retail shareholders in the short term.