Zuari Industries Acquires Texmaco Infra Shares for ₹148 Cr

Zuari Industries Limited (ZIL) has acquired 1,28,10,900 equity shares of Texmaco Infrastructure & Holdings Limited (TIHL) for approximately ₹147.96 crore. The shares were purchased from ZIL's wholly-owned subsidiary, Zuari International Limited (ZIntL), via a block deal on the National Stock Exchange. This acquisition is part of ZIL's strategy to consolidate its investment portfolio at the holding company level. The transaction is considered a related party transaction, but SEBI regulations for RPTs are not applicable as it's between a company and its wholly-owned subsidiary. The promoter and promoter group's collective shareholding in TIHL remains unchanged at 66.55% post-acquisition.