The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vidarbha Tradelinks Pvt Ltd
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Awaiting price reaction for this filing.
Vidarbha Tradelinks Pvt Ltd (VTPL), part of the promoter group of Bajaj Steel Industries, has filed a disclosure under SEBI SAST Regulation 29(2) regarding an inter-se transfer of shares within the promoter group. Under an NCLT-approved Scheme of Arrangement involving Bajaj Exports Pvt Ltd, Rohit Polytex Ltd and VTPL, Bajaj Exports' entire holding of 17,10,400 shares (8.22%) in Bajaj Steel Industries has been transferred to VTPL. As a result, VTPL's stake doubled from 16,98,400 shares (8.17%) to 34,08,800 shares (16.39%), while Bajaj Exports' holding went to zero. The total promoter group shareholding remains unchanged at 34,08,800 shares (~16.39%). The date of acquisition is 15/12/2025.
This is a neutral, non-event for public shareholders — it is purely an internal restructuring of promoter group holdings via a court-sanctioned scheme, with no change in total promoter ownership or control of the company. The market is unlikely to react to this as it does not alter the economic interest of the promoter group.