Nowrosjee Wadia and Sons Limited has reported an inter-se transfer of shares between promoters. This transaction involved 22,45,000 equity shares, representing 3.22% of the total paid-up share capital of The Bombay Burmah Trading Corporation Limited. The transfer was executed as a block deal through stock exchanges and is exempt from open offer requirements under Regulation 10(1)(a)(ii) of the SAST Regulations.
Promoter Shareholding Adjustment
Nowrosjee Wadia and Sons Limited has submitted a report concerning an inter-se transfer of shares among promoters of The Bombay Burmah Trading Corporation Limited. This transaction, dated October 16, 2026, involved the acquisition of 22,45,000 equity shares. These shares constitute 3.22% of the total paid-up share capital of The Bombay Burmah Trading Corporation Limited.
Transaction Details and Exemption
The transfer was executed as a block deal through the stock exchanges, specifically between promoters of the target company. The rationale behind this transaction is an internal restructuring of promoters’ holding in The Bombay Burmah Trading Corporation Limited. This acquisition has been made in reliance upon the exemption provided under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, thus not requiring a public open offer.
Shareholding Post-Transaction
Following the transaction, the shareholding of Nowrosjee Wadia and Sons Limited in The Bombay Burmah Trading Corporation Limited has increased. Pre-transaction, Nowrosjee Wadia and Sons Limited held 3,27,09,826 shares representing 46.88% of the share capital. Post-transaction, their holding has risen to 3,49,54,826 shares, accounting for 50.10% of the total share capital. Conversely, the shareholding of Mr. Nusli Neville Wadia as a transferor has decreased from 35,31,356 shares (5.06%) to 12,86,356 shares (1.84%).
Source: BSE
