YPL Enterprises to acquire 17.06% stake in Bengal & Assam

YPL Enterprises Private Limited, formerly Yashodhan Enterprises, has announced the acquisition of 19,45,619 equity shares, representing 17.06% of Bengal & Assam Company Limited (BACL). This inter-se transfer is occurring between constituents of BACL's promoter group without any consideration, through an Off-Market Trade, and is effective on or after September 16, 2025.

The shares are being transferred from Yashodhan Enterprises, a partnership firm converted into YPL Enterprises Pvt. Ltd. The individual partners involved in the transfer include Bharat Hari Singhania (6,53,810 shares or 5.73%), Raghupati Singhania (6,53,809 shares or 5.73%), and Anshuman Singhania (6,38,000 shares or 5.59%).

This transaction is exempt from an open offer under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which permits inter-se transfers among promoter group constituents without consideration. Post-acquisition, YPL Enterprises Pvt. Ltd. will hold 17.06% of BACL's share capital, while the individual sellers' holdings will become nil.