The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Trinity Autopoints Ltd
MERCANTILE · price
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Trinity Autopoints Ltd, a promoter group entity of Mercantile Ventures Ltd, acquired 1,43,96,000 equity shares (12.86% of paid-up capital) of the company through a Scheme of Amalgamation between Golden Star Assets Consultants Pvt Ltd (Transferor Company, Promoter Group) and Trinity Autopoints Ltd (Transferee Company, Promoter Group). With this acquisition, Trinity Autopoints' holding in Mercantile Ventures has risen from 2,09,56,000 shares (18.72%) to 3,53,52,000 shares (31.58%). The NCLT form INC-28 was filed on 19 August 2025 and approved on 25 August 2025. The disclosure is filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, as the acquisition crossed multiple regulatory thresholds including 25% of voting capital.
This is an internal promoter group consolidation through a court-approved amalgamation rather than an open-market purchase, so overall promoter control of Mercantile Ventures remains unchanged. However, the acquirer's voting share has crossed the 25% threshold, which may trigger additional SEBI compliance requirements around creeping acquisition limits going forward.