Inter-se promoter transfer of 1,28,10,900 shares (10.05%) to Zuari Industries for Rs. 147,96,05,468
Promoter reshuffle, not a new owner.
- Shares Acquired
- 1,28,10,900 equity shares
- Stake Transferred
- 10.05% of total equity capital
- Total Consideration
- Rs. 147,96,05,468/-
- Price Per Share
- Rs. 115.496/- (inclusive of brokerage, STT, stamp duty, taxes)
- Zuari Industries Holding After
- 3,92,91,612 shares (30.83%)
What happened
Zuari Industries Limited, a promoter of Texmaco Infrastructure & Holdings Limited, acquired shares from another promoter entity, Zuari International Limited, on 23 September 2026. This is described in the update as an inter-se transfer within promoters.
Deal terms
- Shares acquired: 1,28,10,900 equity shares
- Stake: 10.05% of the total equity share capital
- Total consideration: Rs. 147,96,05,468/-
- Approximate price per share: Rs. 115.496/-, inclusive of brokerage charges, Securities Transaction Tax (STT), stamp duty and other applicable taxes and charges
Shareholding before and after
- Zuari Industries Limited (acquirer): 2,64,80,712 shares (20.78%) to 3,92,91,612 shares (30.83%)
- Zuari International Limited (seller): 1,28,10,900 shares (10.05%) to Nil (0.00%)
- Total promoter and promoter group: 8,48,04,686 shares (66.55%) before and after
Other promoter group entities, such as Adventz Finance Private Limited at 2,11,97,148 shares (16.63%) and Duke Commerce Limited at 84,26,464 shares (6.61%), are unchanged.
Why no open offer
The acquirer has claimed exemption under Regulation 10(1)(a)(ii) of the SEBI Takeover Regulations, which covers transfers among promoters. The advance intimation under Regulation 10(5) was shared with the exchanges on 15 September 2026, and this update is the follow-up report under Regulation 10(6).
How to read it
Money and shares moved between two entities within the same promoter group. The company itself receives no funds from this transaction, its share capital is unchanged, and the overall promoter and promoter group holding stays the same at 66.55%. What changes is which promoter entity holds the stake, with Zuari Industries' individual holding crossing 30%.
Also from Texmaco Infrastructure & Holdings
Promoter Zuari Industries buys 1,28,10,900 shares via block deal, stake up to 30.83%
28 Sep 2026
Inter-se promoter transfer of 1,28,10,900 shares (10.05%) via block deal
28 Sep 2026
More numbers
- Shares acquired1,28,10,900 equity shares
- Stake acquired10.05%
- Total considerationRs. 147,96,05,468/-
- Approximate price per equity shareRs. 115.496/- per equity share
- Zuari Industries holding pre-transaction2,64,80,712
- Zuari Industries % pre-transaction20.78
- Zuari Industries holding post-transaction3,92,91,612
- Zuari Industries % post-transaction30.83
- Total promoter and promoter group shares8,48,04,686
- Total promoter and promoter group %66.55
- Adventz Finance Private Limited holding2,11,97,148
- Duke Commerce Limited holding84,26,464
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