Acquisitions2 April 2026 at 08:32 am
Trinity Infraventures Acquires Majority Stake in Keto Motors Limited Through Scheme of Arrangement
AI Summary
Trinity Infraventures Limited, along with Folksforce Private Limited, Goldstone Power Private Limited, and several other persons acting in concert (PACs), have acquired a significant stake in Keto Motors Limited (formerly known as Taaza International Limited). The acquisition was made pursuant to a scheme of arrangement between M/s. Keto Motors Private Limited and M/s. Keto Motors Limited. The total number of equity shares acquired by Trinity Infraventures Limited and the PACs is 43,147,800, which amounts to 61.26% of the total voting rights and total diluted capital of Keto Motors Limited.
Key Highlights
- Trinity Infraventures Limited acquires 4,31,47,800 equity shares in Keto Motors Limited, amounting to 61.26% of the total voting rights and total diluted capital.
- Folksforce Private Limited acquires 75,00,000 equity shares in Keto Motors Limited.
- Goldstone Power Private Limited acquires 10,69,999 equity shares in Keto Motors Limited.
- The acquisition is made pursuant to a scheme of arrangement between M/s. Keto Motors Private Limited and M/s. Keto Motors Limited.
- Several other PACs, including Lam Paul, Sashikumar, Venkatesh Challa, and others, also acquire equity shares in Keto Motors Limited.