Bombay Burmah Trading Corp: Promoter stake transfer of 3.22%

The Bombay Burmah Trading Corporation Limited has announced an inter-se transfer of shares between promoters, specifically Nowrosjee Wadia and Sons Limited acquiring 22,45,000 equity shares, representing 3.22% of the total paid-up share capital. This transaction was executed as a block deal on the stock exchange and is exempt under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The rationale behind this transfer is an internal restructuring of the promoters' holding in the target company. The acquisition price was ₹1200 per share, with the total transaction value amounting to ₹2,694,000,000 (₹269.4 Crore). Following the transaction, the promoter group's shareholding remains substantial.