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Zuari Industries Boosts Stake in Texmaco Infrastructure with ’148 Crore Acquisition
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CNBC TV18•23-09-2026, 21:13
Zuari Industries Boosts Stake in Texmaco Infrastructure with ’148 Crore Acquisition
- •Zuari Industries Ltd acquired 1,28,10,900 equity shares of Texmaco Infrastructure & Holdings Ltd for approximately ’147.96 crore.
- •The acquisition was executed through a block deal on the National Stock Exchange of India on September 23, from Zuari International Ltd, a wholly owned subsidiary of Zuari Industries.
- •This transaction increased Zuari Industries' shareholding in Texmaco Infrastructure from 20.78% to 30.83%.
- •The acquisition aims to consolidate the investment portfolio at the listed holding company level and was approved by Zuari Industries' board on August 13.
- •Despite the acquisition, the aggregate shareholding of the promoter and promoter group in Texmaco Infrastructure & Holdings remains unchanged at 66.55%.
Key Questions Answered
Zuari Industries acquired 1,28,10,900 equity shares of Texmaco Infrastructure & Holdings Ltd for a total consideration of approximately ₹147.96 crore.
Following the acquisition, Zuari Industries' shareholding in Texmaco Infrastructure & Holdings increased from 20.78% to 30.83%.
The acquisition was undertaken to consolidate the investment portfolio at the listed holding company level, following board approval from August 13.
