The Exchange has received the disclosure under Regulation 10(6) 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 through a court-approved merger with Golden Star Assets Consultants Pvt Ltd (another promoter group entity). The NCLT Chennai sanctioned the scheme on July 24, 2025, with the ROC approving Form INC 28 on August 25, 2025. As a result, Trinity Autopoints' stake in Mercantile Ventures rose from 12.86% (2,09,56,000 shares) to 18.72% (3,53,52,001 shares). Since the acquisition is between promoter group entities under Regulation 10(1)(d)(iii), it is exempt from triggering an open offer. No cash was paid for the shares — this is purely an internal promoter group restructuring.
This is an internal reshuffle within the promoter group, not a fresh purchase from the market, so there is no change in overall promoter ownership or cash outflow. Shareholders should note that no open offer obligation is triggered, and the company's public shareholding structure remains unchanged.