Promoter pre-intimates inter-se transfer of up to 12,81,356 shares, 1.84% of paid-up capital
Promoter Nowrosjee Wadia and Sons Ltd has shared a pre-intimation to buy up to 12,81,356 shares, or 1.84% of the paid-up capital, of The Bombay Burmah Trading Corporation Ltd from fellow promoter Mr. Nusli Neville Wadia.
By ScoutQuest · · 2 min read
- Shares to be acquired
- up to 12,81,356 shares, or 1.84% of the paid-up capital
- Acquirer stake change
- rises from 50.10% to 51.94%
- 60-day NSE VWAP
- Rs.1,563.47 per Share
The update is a pre-intimation by promoter Nowrosjee Wadia and Sons Limited about a proposed purchase of shares in The Bombay Burmah Trading Corporation Limited from another promoter, Mr. Nusli Neville Wadia. Buyer and seller sit in the same promoter group, so this is an inter-se transfer of shares within the promoter family rather than a sale to outside investors.
What is proposed
- Up to 12,81,356 shares, equal to 1.84% of the total paid up share capital, may be acquired by Nowrosjee Wadia and Sons Limited.
- The route is an inter-se transfer under Regulation 10(1)(a)(ii), described in the update as being for internal restructuring of the promoters' holding, and the acquirer is exempted from making an open offer under that sub-clause.
- The proposed date of acquisition is any time on or after 29th October, 2026.
Price
The acquisition price is to be within the permissible price band applicable for block deals on the relevant date. For reference, the update gives the volume weighted average market price over the 60 trading days preceding the notice, on NSE, being the exchange where the maximum volume of trading in the shares was recorded, at Rs.1,563.47 per Share. The acquirer declares that the acquisition price would not be more than 25% above that computed price.
How the holdings move
- Nowrosjee Wadia and Sons Limited: from 3,49,54,826 shares (50.10%) to 3,62,36,182 shares (51.94%).
- Mr. Nusli Neville Wadia: his holding reduces by the same block of shares, leaving him a small residual holding.
What a retail reader can take away
- The shares move from one promoter entity to another, so the promoter group's overall holding is broadly unchanged; what changes is the split between promoter entities.
- The buyer's stake goes above 51% through an exempt inter-se transfer, which is why no open offer is involved.
- The price is not fixed in this notice; it will follow the block-deal price band on the date of the transaction, with the declared 25% ceiling over the stated 60-day average as the outer limit.
- The final number of shares transacted can differ, since the update notes it will be subject to the prevailing market price and availability of fund.
Also from The Bombay Burmah Trading Corporation
Promoter inter-se block deal: 22,45,000 shares (3.22%) change hands, acquirer's stake rises to 50.10%
22 Oct 2026
The Bombay Burmah Trading Corporation Ltd: promoter reports a transaction via inter-se transfer
19 Oct 2026
The Bombay Burmah Trading Corporation Ltd: promoter reports a transaction via inter-se transfer
19 Oct 2026
More numbers
- Shares proposed to be acquired12,81,356 Shares
- Share of total paid up share capital1.84%
- Acquirer holding before transaction (shares)3,49,54,826
- Acquirer holding before transaction (%)50.10%
- Acquirer holding after transaction (shares)3,62,36,182
- Acquirer holding after transaction (%)51.94%
- 60-day volume weighted average market price (NSE)Rs.1,563.47 per Share
- Maximum premium over computed price25%
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