The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(d)(iii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
BAJAJST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vidarbha Tradelinks Private Limited (VTPL), part of the promoter group, acquired shares in Bajaj Steel Industries through an NCLT-approved Scheme of Arrangement dated July 2, 2025. The scheme involves the demerger of the 'Strategic Investment Division' from Bajaj Exports Pvt Ltd and Rohit Polytex Ltd into VTPL. Two inter-se transfers occurred: 26,400 shares from Rohit Polytex on Dec 4, 2025, and 17,10,400 shares from Bajaj Exports on Dec 11, 2025. VTPL's stake rose from 8.04% (16,72,000 shares) to 16.39% (34,08,900 shares). No cash consideration was paid as this was an inter-se promoter group transfer, exempt from open offer under Regulation 10(1)(d)(iii). Share swap ratio: 115 shares of Rs 10 each (Resulting Co) for every 3 shares of Rs 100 each (Bajaj Exports), and 1 share of Rs 10 each for every 9 shares of Rs 10 each (Rohit Polytex).
No material impact for retail shareholders as this is an internal promoter group restructuring with no change in ultimate control - persons holding 33%+ voting rights remain the same. No open offer triggered and no cash outflow involved.