Nowrosjee Wadia and Sons Limited has reported an inter-se transfer of shares between promoters, involving 12,81,356 equity shares. This represents 1.84% of the total paid-up share capital of The Bombay Burmah Trading Corporation Limited. The transaction, executed as a block deal, is exempt under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and was completed on October 29, 2026.
Promoter Shareholding Adjustment
Nowrosjee Wadia and Sons Limited has filed a report detailing a significant inter-se transfer of shares. This transaction involved the acquisition of 12,81,356 equity shares, constituting 1.84% of the total paid-up share capital of The Bombay Burmah Trading Corporation Limited. The deal was executed between promoters, facilitating an internal restructuring of the promoter group’s holdings in the target company.
Transaction Details and Compliance
The acquisition was carried out through a block deal on the stock exchange’s block deal window. The transferor in this transaction was Mr. Nusli Neville Wadia, and the acquisition date was October 29, 2026. Nowrosjee Wadia and Sons Limited, acting as the acquirer/transferee, reported a pre-transaction shareholding of 3,49,54,826 shares (50.10% of TC share capital) and a post-transaction shareholding of 3,62,36,182 shares (51.94% of TC share capital). The acquisition price was within the permissible price band for block deals and did not exceed 25% of the price computed per the relevant SEBI regulations.
The disclosure of this proposed acquisition was made on October 22, 2026, which was at least four working days preceding the acquisition date, adhering to the timeline specified under Regulation 10(5) of the SAST Regulations. The transaction is exempt from making an open offer under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Shareholding Pre and Post Transaction
Following the inter-se transfer, Nowrosjee Wadia and Sons Limited’s shareholding in The Bombay Burmah Trading Corporation Limited increased from 50.10% to 51.94%. The seller, Nusli Neville Wadia, transferred 12,86,356 shares, reducing his direct holding to 5,000 shares (0.01%). The total value of shares acquired was at a price of Rs. 1,195/- per Share.
Source: BSE
