YPL Enterprises Pvt. Ltd., formerly known as Yashodhan Enterprises, will acquire 19,45,619 equity shares, amounting to 17.06% of the equity share capital, of Bengal & Assam Company Limited (BACL) through an off-market trade. This transfer is inter-se among the constituents of the Promoter Group without any consideration.
The shares held by M/s. Yashodhan Enterprises were registered in the names of its partners:
- Bharat Hari Singhania: 6,53,810 shares (5.73%)
- Raghupati Singhania as Karta of Raghupati Singhania HUF: 6,53,809 shares (5.73%)
- Anshuman Singhania Karta of Shripati Singhania HUF: 6,38,000 shares (5.59%)
The transfer will be effective on or after September 16, 2025.
YPL Enterprises Pvt. Ltd. will hold 19,45,619 shares, amounting to 17.06% of the total share capital, after the proposed transaction.
The rationale for the transfer is the conversion of Yashodhan Enterprises, a Partnership Firm and a Constituent of the Promoter Group of BACL, into a Private Limited Company, YPL Enterprises Pvt. Ltd.
The transferor and transferee have complied/ will comply with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011.
All the conditions specified under Regulation 10(1)(a) with respect to exemptions have been duly complied with by both the Acquirer and Seller(s).
The disclosure pertains to Regulation 10 (5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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