Keto Motors Clarifies Shareholding Disclosure Errors
Keto Motors Limited (formerly Taaza International Limited) has issued a clarification regarding a previous disclosure under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The company corrected typographical errors concerning the total paid-up share capital versus the acquirer's holding. The total holding of Trinity Infraventures Ltd and Persons Acting in Concert (PACs) has been corrected to 6,51,47,800 shares. This correction pertains to a scheme of arrangement where 4,31,47,800 equity shares were allotted to Keto Motors Private Limited, now merged into Keto Motors Limited. The company assures that this correction does not impact the number of shares held or other details in the original disclosure.
Key Highlights
- Keto Motors corrected shareholding disclosure errors under SEBI Takeover Regulations.
- Trinity Infraventures Ltd and PACs' total holding adjusted to 6,51,47,800 shares.
- Correction relates to a scheme of arrangement involving Keto Motors Private Limited.
- The number of shares held by acquirer and PACs remains unaffected.
- Disclosure pertains to substantial acquisition of shares and takeovers.
Price Impact
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