Acquisitions6 Apr 2026, 12:27 pm
Folksforce Pvt Ltd Acquires 10.65% Stake in Keto Motors Ltd via Scheme of Arrangement
AI Summary
Folksforce Pvt Ltd has acquired 75,00,000 equity shares of Keto Motors Ltd (formerly known as Taaza International Limited) pursuant to a scheme of arrangement between M/s. Keto Motors Private Limited and M/s. Keto Motors Limited. The acquisition was made on 31.03.2026. Post-acquisition, Folksforce Pvt Ltd holds 10.65% of the total equity share capital and total voting capital of Keto Motors Ltd.
Key Highlights
- Folksforce Pvt Ltd acquires 75,00,000 equity shares of Keto Motors Ltd
- Acquisition made pursuant to a scheme of arrangement between M/s. Keto Motors Private Limited and M/s. Keto Motors Limited
- Post-acquisition, Folksforce Pvt Ltd holds 10.65% of the total equity and voting capital of Keto Motors Ltd
- Equity share capital of Keto Motors Ltd divided into 7,04,34,472 equity shares of Rs. 10/- each
- Total voting capital of Keto Motors Ltd after acquisition is Rs. 70,43,44,720