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Keto Motors Limited has seen a significant consolidation of ownership as promoters of Trinity Infraventures Limited acquired 56,047,800 equity shares. This transaction raises their total stake to 70,434,472 shares, representing 92.49% of the company's capital. The move was completed under a Scheme of Arrangement approved by the NCLT, Hyderabad Bench, on June 12, 2025.
Promoter Stake Jumps to Over 92%
The acquisition was finalized following the NCLT's sanction on June 12, 2025. Post-acquisition, the total shareholding of the acquirers and associated persons acting in concert now stands at 92.49% of Keto Motors' equity share capital. The company noted that minor typographical errors in previous disclosures regarding individual shareholdings have been corrected, without affecting the overall ownership percentages.
Consolidated Control and Strategic Direction
This substantial increase in promoter shareholding signifies near-complete control for Trinity Infraventures' promoters over Keto Motors. The move is the culmination of a restructuring process under NCLT supervision, aimed at integrating Keto Motors Private Limited into the listed entity. Such consolidated ownership is expected to enable swifter decision-making and a more unified strategy for the electric vehicle (EV) manufacturer.
Background: From Insolvency to Control
Keto Motors Limited, previously known as Taaza International Limited, underwent a Corporate Insolvency Resolution Process (CIRP) after an NCLT order on October 1, 2024. The NCLT's approval of a resolution plan on June 12, 2025, included the Scheme of Arrangement and the merger of Keto Motors Private Limited into the listed Keto Motors. This scheme facilitated the allotment of equity shares to the private company's shareholders, leading to the acquisition by Trinity Infraventures' promoters. Importantly, the acquisition proceeded under exemptions from SEBI's substantial acquisition regulations, bypassing a mandatory open offer to minority shareholders.
Operational Integration and Shareholder Changes
With their expanded stake, Trinity Infraventures' promoters will now hold decisive control over Keto Motors' strategic decisions and operations. The planned integration of Keto Motors Private Limited's operations into the listed entity is anticipated to streamline business functions. Shareholders of the private entity are now effectively shareholders in the listed Keto Motors.
Key Risks and Monitoring Points
The company's history of CIRP means close monitoring of its operational recovery and financial stability remains essential. The successful integration of Keto Motors Private Limited into the listed entity will be critical for realizing expected synergies and operational efficiencies.
Competitive Landscape
Keto Motors operates within the competitive electric vehicle (EV) sector, facing rivals such as Olectra Greentech, EKA, and PMI Electro Mobility. Olectra Greentech, for instance, is also pursuing consolidation but currently reports higher revenue figures.
Timeline and Future Focus
The NCLT Hyderabad Bench approved the Scheme of Arrangement on June 12, 2025, with the promoters of Trinity Infraventures Limited disclosing their share acquisition on April 2, 2026. Investors will likely track future announcements on operational integration, synergy realization, strategic initiatives from the majority promoters, and the company's performance against its EV sector peers.