Zuari Industries Acquires 10.05% Stake in Texmaco Infrastructure

Zuari Industries Limited (ZIL) has completed an inter-se transfer of equity shares of Texmaco Infrastructure & Holdings Limited (TIHL) from Zuari International Limited. ZIL acquired 1,28,10,900 equity shares, representing 10.05% of TIHL's total equity share capital. The total consideration for this transaction was ₹147.96 crore, with an approximate price of ₹115.50 per share. This acquisition falls under the exemption provided in Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, meaning no open offer was required. The disclosure under Regulation 10(6) was made on September 24, 2026, following the earlier intimation under Regulation 10(5). Following the transaction, Zuari Industries Limited's shareholding in TIHL increased from 20.78% to 30.83%, while Zuari International Limited's holding reduced to nil.