The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Vidarbha Tradelinks Private Limited (VTPL), part of the promoter group of Tashi India Ltd, acquired 55,000 equity shares (7.41% of paid-up capital) from Rohit Polytex Limited pursuant to an NCLT-approved Scheme of Arrangement (order dated 02.07.2025, Mumbai Bench). Post-acquisition, VTPL's stake in Tashi India rose from 27.09% (1,56,599 shares) to 28.50% (2,11,599 shares), while Rohit Polytex's holding dropped to nil. The broader scheme involves demerger of the Strategic Investment Division of Bajaj Exports Pvt Ltd and Rohit Polytex Ltd into VTPL, with share swap ratios of 115:3 (for Bajaj Exports shareholders) and 1:9 (for Rohit Polytex shareholders). No cash consideration changed hands, and the transaction is exempt from the open offer requirement under Regulation 10(1)(d)(iii) of SEBI (SAST) Regulations, being an inter-se promoter group transfer pursuant to a Tribunal-approved scheme.
No open offer triggered for public shareholders because the transfer is purely an internal promoter group reorganisation sanctioned by NCLT. Shareholding pattern of Tashi India changes only among promoter group entities, leaving public shareholders' rights and dilution profile unaffected in the near term.