The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Trinity Infraventures Ltd & PACs
Awaiting price reaction for this filing.
Trinity Infraventures Ltd and its 40+ Persons Acting in Concert (PACs) acquired 5,60,47,800 equity shares (79.57%) of Keto Motors Ltd through a scheme of arrangement. This involved the merger of Keto Motors Private Limited (Transferor) into the listed entity Keto Motors Ltd (formerly Taaza International Limited, Transferee). Before this transaction, promoter holding was 63.25%. After completion, the combined promoter and PAC holding stands at 92.49% (7,04,34,472 shares), significantly consolidating promoter control. Trinity Infraventures alone now holds 67.08% while Folksforce Private Limited holds 10.65%. A correction letter was also filed correcting typographical errors in the original disclosure.
This is a significant consolidation of promoter holding through a court-approved scheme, reducing public shareholding to approximately 7.5%. The massive increase in promoter stake from 63.25% to 92.49% indicates strong promoter conviction but drastically reduces liquidity for retail investors.