Keto Motors: Corrections in Share Acquisition Disclosure & Acquisition of 5,60,47,800 Shares

Keto Motors Ltd. has clarified certain inadvertent errors in a disclosure submitted under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The corrections include the addition of Ms. Attili Jahnavi, a change in the shareholding of Mr. Konda Thomas Prabhudas and Mr. Bhaven Vipul Nanavati. Separately, the promoters have acquired 5,60,47,800 equity shares of Keto Motors pursuant to a Scheme of Arrangement approved by the Hon’ble NCLT, Hyderabad Bench. The acquisition was made in reliance on exemptions provided in Regulations 10(1)(d)(ii) and 10(1)(da) of the SEBI SAST Regulations.