The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Trinity Infraventures Ltd & PACs
Awaiting price reaction for this filing.
Trinity Infraventures Ltd and 40+ Persons Acting in Concert (PACs) have disclosed a major acquisition under SEBI SAST Regulations. On 31 March 2026, Trinity Infraventures was allotted 43,147,800 equity shares of Keto Motors Ltd (formerly Taaza International Ltd) pursuant to a scheme of arrangement between Keto Motors Private Limited (Transferor) and Keto Motors Limited (Transferee). Before this acquisition, Trinity held 63.25% (91,00,000 shares). After the acquisition, Trinity Infraventures alone holds 67.08% (4,72,47,800 shares), and together with all PACs, the combined holding stands at 92.49% (7,04,34,472 shares) of the total voting capital. The filing notes the acquisition is exempt from open offer obligations under Regulation 10(1)(da) as it is pursuant to a resolution plan approved under Section 31 of the Insolvency and Bankruptcy Code, 2016.
Promoter/PAC holding has increased sharply to ~92.5%, leaving very little public float. This is a major restructuring via IBC resolution plan. The near-total promoter concentration may affect stock liquidity and could signal future delisting intent.