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 its 40 Persons Acting in Concert (PACs) acquired 43,147,800 equity shares of Keto Motors Ltd (formerly Taaza International Ltd) on 31.03.2026. This acquisition was pursuant to a scheme of arrangement between Keto Motors Private Limited (Transferor) and Keto Motors Limited (Transferee). The transaction is exempt from open offer obligations under Regulation 10(1)(da) as it was pursuant to a resolution plan approved under the Insolvency and Bankruptcy Code, 2016. Post-acquisition, the acquirer group holds 7,04,34,472 shares representing 92.49% of the total equity capital. A correction letter was also filed to rectify typographical errors in the original disclosure regarding certain PAC shareholdings.
This represents a major consolidation of promoter holding from 63.25% to 92.49%, significantly increasing control. The acquisition via insolvency resolution plan is exempt from open offer requirements, but the very high promoter concentration may limit retail investor participation in future upside.