Trinity Infraventures Acquires Majority Stake in Keto Motors Limited via Scheme of Arrangement

Trinity Infraventures Limited, along with its Persons Acting in Concert (PACs), has acquired a majority stake in Keto Motors Limited (formerly known as Taaza International Limited). The acquisition was made through the allotment of 5,60,47,800 Equity shares pursuant to a scheme of arrangement between M/s. Keto Motors Private Limited and M/s. Keto Motors Limited. The total shares held by Trinity Infraventures Limited and its PACs before the acquisition was 63.25%. The acquisition details show that Trinity Infraventures Limited acquired 61.26% shares, Folksforce Private Limited acquired 10.65%, and Goldstone Power Private Limited acquired 1.52% shares. Other PACs also acquired smaller percentages of shares. The acquisition was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.