Trinity Infraventures Files Regulatory Disclosure for Keto Motors Share Acquisition
Trinity Infraventures Limited filed mandatory regulatory disclosure under SEBI Regulation 29(1) for acquiring 4,31,47,800 equity shares in Keto Motors Limited through a scheme of arrangement. The acquisition, completed with shares allotted on 31.03.2026, increased Trinity's individual stake from 28.50% to 67.08%, while the total promoter group holding rose to 92.49%. The transaction was executed under SEBI SAST regulatory exemptions, avoiding mandatory open offer requirements.
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Trinity Infraventures Limited has filed a regulatory disclosure under Regulation 29(1) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, regarding its acquisition of 4,31,47,800 equity shares in Keto Motors Limited. The acquisition was completed through a scheme of arrangement between Keto Motors Private Limited and Keto Motors Limited, with shares allotted on 31.03.2026.
Transaction Overview
The share acquisition was executed pursuant to a scheme of arrangement between Keto Motors Private Limited (transferor company) and Keto Motors Limited, formerly known as Taaza International Limited (transferee company). Trinity Infraventures filed the mandatory disclosure with BSE Limited on 02.04.2026, ensuring compliance with regulatory requirements.
| Parameter: | Details |
|---|---|
| Shares Acquired by Trinity: | 4,31,47,800 equity shares |
| Total Shares Acquired by Group: | 5,60,47,800 equity shares |
| Allotment Date: | 31.03.2026 |
| Filing Date: | 02.04.2026 |
| Target Company: | Keto Motors Limited (formerly Taaza International Limited) |
| Stock Exchange: | BSE Limited |
Shareholding Changes
The acquisition resulted in substantial changes to the promoter group's shareholding pattern. Trinity Infraventures Limited's individual stake increased from 28.50% to 67.08%, while the overall promoter group now holds 92.49% of Keto Motors Limited.
| Entity: | Pre-Transaction Shares | Pre-Transaction % | Post-Transaction Shares | Post-Transaction % |
|---|---|---|---|---|
| Trinity Infraventures Limited: | 41,00,000 | 28.50% | 4,72,47,800 | 67.08% |
| Jhansi Sanivarapu: | 50,00,000 | 34.75% | 50,50,010 | 7.17% |
| Folksforce Private Limited: | - | - | 75,00,000 | 10.65% |
| Goldstone Power Private Limited: | - | - | 10,69,999 | 1.52% |
| Total Promoter Group: | 91,00,000 | 63.25% | 7,04,34,472 | 92.49% |
Expanded Promoter Group Structure
The promoter group comprises 40 entities working in concert with Trinity Infraventures Limited. Key participants include corporate entities such as Folksforce Private Limited, Goldstone Power Private Limited, and ABST Family Private Trust, along with individual promoters including Lam Paul Sashikumar (9,00,000 shares), Venkatesh Challa (7,50,000 shares), and Vegesna Sri Suryanarayana Raju (2,20,000 shares).
Capital Structure Changes
The scheme of arrangement significantly altered Keto Motors' capital structure. The company's equity share capital increased from ₹14,38,66,720 divided into 1,43,86,672 equity shares to ₹70,43,44,720 divided into 7,04,34,472 equity shares of ₹10 each.
Regulatory Compliance
The acquisition was completed under exemptions provided in SEBI's SAST Regulations, specifically under Regulation 10(1)(da), which exempts acquisitions pursuant to schemes of arrangement from the obligation to make an open offer to minority shareholders. This regulatory framework allowed the promoter group to substantially increase their control without triggering mandatory open offer requirements.
What strategic initiatives might Trinity Infraventures pursue now that it controls 67% of Keto Motors Limited?
How could the significant increase in promoter shareholding to 92.49% impact Keto Motors' future fundraising and expansion plans?
Will the consolidation under Trinity's control lead to operational synergies or business model changes at Keto Motors?
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