Nowrosjee Wadia and Sons lifts Bombay Burmah stake to 51.94%

Nowrosjee Wadia and Sons Limited raised its direct voting stake in The Bombay Burmah Trading Corporation Limited to 51.94% on 29 October 2026 by acquiring 12,81,356 equity shares. The promoter inter-se transfer, executed through a stock-exchange block deal, lifted the holding from 50.10% while Bombay Burmah’s total equity and voting capital remained 6,97,71,900 shares.

How many Bombay Burmah shares did Nowrosjee Wadia and Sons acquire?

Nowrosjee Wadia and Sons acquired 12,81,356 Bombay Burmah equity shares, representing 1.84% of total share and voting capital on 29 October 2026. The acquisition was disclosed under Regulation 29(2) of the Securities and Exchange Board of India, or SEBI, Substantial Acquisition of Shares and Takeovers Regulations, 2011.

The purchase raised Nowrosjee Wadia and Sons’ holding from 3,49,54,826 shares to 3,62,36,182 shares. The filing reports the same 1.84% change against total share or voting capital and total diluted share or voting capital, which it defines on an assumption of full conversion of outstanding warrants or convertible securities.

The disclosed increase relates to shares carrying voting rights rather than rights obtained through other instruments. For the 29 October 2026 disclosure, Nowrosjee Wadia and Sons reported no voting rights otherwise than by shares and no warrants, convertibles or other instruments that could result in Bombay Burmah voting shares.

How did Nowrosjee Wadia and Sons acquire the shares?

Nowrosjee Wadia and Sons acquired the shares through an inter-se transfer by way of a block deal on the stock exchange. The accompanying letter dated 29 October 2026 says the 12,81,356 shares were bought from an existing promoter, while the prescribed disclosure identifies Nowrosjee Wadia and Sons as a promoter or promoter-group acquirer.

The filing does not name the promoter that transferred the shares, disclose the block-deal price, or state the aggregate consideration. It therefore establishes a 1.84-percentage-point increase in Nowrosjee Wadia and Sons’ direct holding, but does not establish the financial value of the transaction.

The mode of acquisition also distinguishes the transaction from a fresh issuance by Bombay Burmah. The share transfer occurred on 29 October 2026 through a block deal, and the reported total equity share capital before and after the transaction remained 6,97,71,900 shares.

Did Bombay Burmah issue new shares in the transaction?

Bombay Burmah did not change its disclosed equity share capital in connection with the 29 October 2026 transaction. Its equity share capital and total voting capital were each 6,97,71,900 equity shares before the transfer and 6,97,71,900 equity shares afterwards.

Total diluted share and voting capital after the deal was also 6,97,71,900 shares. The filing defines diluted capital as the total number of shares assuming full conversion of outstanding convertible securities or warrants, so the identical ordinary and diluted totals show no difference between those bases in this disclosure.

The unchanged capital base means the 12,81,356 transferred shares account for the reported 1.84% increase in direct voting ownership. Bombay Burmah did not report a new issue, rights issue, preferential allotment or conversion as part of the 29 October 2026 acquisition.

What changed in Nowrosjee Wadia and Sons’ voting position?

Nowrosjee Wadia and Sons’ direct voting position rose by 1.84 percentage points to 51.94% after the 29 October 2026 block deal. Before the transfer, its 3,49,54,826 shares represented 50.10% of Bombay Burmah’s total and diluted voting capital; afterwards, 3,62,36,182 shares represented 51.94% on both measures.

The holding was already above 50% before the acquisition, based on the disclosed 50.10% figure. The transfer increased the margin above 50% from 0.10 percentage points before the deal to 1.94 percentage points afterwards, calculated from the reported percentages.

Nowrosjee Wadia and Sons reported no encumbrance, including a pledge, lien, non-disposal undertaking or other encumbrance, before the acquisition. The filing also records no shares encumbered after the acquisition, alongside no non-share voting rights or convertible instruments in the 51.94% holding.

Which exchanges and regulation cover the disclosure?

Nowrosjee Wadia and Sons made the 29 October 2026 disclosure under Regulation 29(2) of the SEBI takeover regulations. The filing identifies Bombay Burmah as listed on BSE Limited and the National Stock Exchange of India Limited, and the communication was sent to both exchanges.

The BSE scrip code in the filing is 501425 and the National Stock Exchange symbol is BBTC. Company Secretary Anurag Srivastav signed the disclosure for Nowrosjee Wadia and Sons, which identifies the transaction as an acquisition of 12,81,356 shares from an existing promoter.

The disclosure provides the date, share quantity, acquisition method and before-and-after capital data. It does not state a further acquisition plan, a target for promoter-group ownership, or a timetable for additional transactions after the 29 October 2026 block deal.

Conclusion

The filing shows that Nowrosjee Wadia and Sons increased its direct Bombay Burmah holding by 12,81,356 shares, or 1.84 percentage points, through an inter-se stock-exchange block deal. Its voting stake moved from 50.10% to 51.94%, while Bombay Burmah’s equity, voting and diluted share capital remained 6,97,71,900 shares.

What to watch next is whether a subsequent disclosure addresses matters not provided in the 29 October 2026 filing, including the selling promoter’s identity, the block-deal price and any further promoter transfer. Nowrosjee Wadia and Sons disclosed no acquisition target or future transaction schedule in this filing.