The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Marvis Investments Ltd & Others
TREJHARA · price
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Trejhara Solutions Ltd has informed the exchanges about a share acquisition by three entities — Marvis Investments Ltd, Kairoleaf Holdings Pte. Ltd, and Magnum Advisors Pte. Ltd — pursuant to a Scheme of Amalgamation between LP Logistics Plus Chemical SCM Pvt Ltd (transferor) and Trejhara Solutions Ltd (transferee), which has been approved by the NCLT Mumbai bench. Collectively, the three acquirers now hold 55,46,022 shares, representing 23.59% of Trejhara's diluted share capital (up from 5.00% pre-transaction held only by Kairoleaf). The acquirers are exempt from making an open offer under Regulation 10(1)(d)(ii) of the SEBI Takeover Regulations, as the acquisition arises from a court-approved scheme of merger.
Shareholders should note that the acquirers have crossed the 5% and 10% thresholds via a non-market, scheme-based issuance rather than a voluntary purchase, so there is no open offer obligation. The effective merger of LP Logistics Plus Chemical SCM into Trejhara could expand the company's business footprint, but no fresh cash is being raised from public shareholders.