Promoters raise stake to 92.49% in Keto Motors via merger scheme
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Promoters of Keto Motors (formerly Taaza International) acquired 5,60,47,800 equity shares through a scheme of arrangement under which Keto Motors Private Limited merged into the listed company. Post-acquisition, total promoter and PAC holding rose from 63.25% to 92.49%, with Trinity Infraventures individually at 67.08%. Share capital expanded from about 1.44 crore to 7.04 crore shares. A follow-up correction was filed for a typographical error in the original disclosure.
Promoter concentration rises sharply, reducing free float, limiting liquidity for minority shareholders and capping room for further stake increases without open offer trigger.