BBThe Bombay Burmah Trading Corporation501425Promoter stake buy

Promoter inter-se block deal: 22,45,000 shares (3.22%) change hands, acquirer's stake rises to 50.10%

Promoter-to-promoter block deal in The Bombay Burmah Trading Corporation Ltd.

By ScoutQuest · Thu 22 Oct 2026, 8:24 AM IST · 2 min read

Shares acquired

22,45,000 shares, or 3.22% of paid-up capital

Price per share

Rs.1200/- per share

Acquirer stake

46.88% → 50.10%

What was disclosed

• Nowrosjee Wadia and Sons Limited acquired 22,45,000 equity shares of The Bombay Burmah Trading Corporation Limited from Mr. Nusli Neville Wadia.
• The shares were acquired at Rs.1200/- per share through a block deal on the stock exchange block deal window.
• The quantity represents 3.22% of the total paid-up share capital of the target company.
• The actual date of acquisition was 16th October, 2026.

The nature of the transaction

This was an inter-se transfer of shares between promoters, not a purchase from the open market by an outside investor. The stated rationale is internal restructuring of the Promoters' Holding in the Target Company. Such a transfer is exempt from the requirement of making an open offer, under Regulation 10(1)(a)(ii) of the SEBI (SAST) Regulations, 2011. The update also states that the acquisition price was not higher by more than 25% of the price computed as per the formula in the first proviso to Regulation 10(1)(a).

Shareholding before and after

• Acquirer, Nowrosjee Wadia and Sons Limited: 3,27,09,826 shares (46.88%) before the transaction, rising to 3,49,54,826 shares (50.10%) after it.
• Seller, Mr. Nusli Neville Wadia: 35,31,356 shares (5.06%) before the transaction, falling to 12,86,356 shares (1.84%) after it.
• The number of shares moving from the seller's account matches the number added to the acquirer's account, i.e. 22,45,000 shares.

Advance intimation

• A disclosure of the proposed acquisition was made under Regulation 10(5) on 09.10.2026, which the update describes as at least 4 working days preceding the proposed date of acquisition, i.e. on or after 16th October, 2026.
• The earlier proposal was for up to 24,00,000 shares, or 3.44% of the total paid-up share capital; the shares actually acquired were 22,45,000, or 3.22%.

How to read this

• Ownership has shifted within the promoter group: one promoter entity increased its stake and an individual promoter reduced his. The shares are now held by the promoter company rather than by the individual.
• The acquirer's stake has moved above the half-way mark, from 46.88% to 50.10%, which the update attributes to the internal restructuring exercise.
• Because this is a transfer between promoters, it is a compliance-type disclosure about who within the promoter group holds the shares, rather than a change in the identity of the promoter group as a whole.
• Investors who track promoter shareholding patterns can use the before-and-after figures above to see exactly how the holding was re-arranged.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev