In a significant development in the Indian corporate and equity markets, Thacker and Company Limited, one of India's oldest listed firms, has successfully completed an acquisition of 5.61% stake in 3P Land Holdings Limited. The deal has been executed through an off-market transaction as part of a Scheme of Merger by Absorption between Fujisan Technologies Limited (Transferor Company) and Thacker and Company Limited (Transferee Company). This merger was sanctioned by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench on 1st May 2025. The transaction is in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The newly acquired 10,10,380 equity shares represent 5.61% of the total paid-up share capital of 3P Land Holdings Limited, a public listed company. This acquisition pushes Thacker and Company’s total shareholding in 3P Land Holdings to 35,30,590 equity shares, which equals 19.61% of the total voting and diluted capital of the company. Before this transaction, Thacker held 14% stake in the target company.

This stake acquisition was not carried out through public issue, rights issue, or open market trades but through a structured merger deal approved by a judicial body, ensuring transparency and regulatory compliance. Thacker and Company is part of the Promoter Group of 3P Land Holdings Limited, and this merger transaction was previously disclosed in the shareholding pattern filed with the stock exchanges.

The merged entity’s combined position provides a stronger footing to Thacker and Company in the target company’s management and decision-making processes. The acquisition was completed on 4th June 2025, following the formal legal route of amalgamation and in line with regulatory frameworks laid down by SEBI and NCLT.

3P Land Holdings Limited, listed on both BSE Limited and National Stock Exchange of India, has a total issued, subscribed, and paid-up capital of 1.8 crore equity shares of ₹2 each. Post-transaction, the equity structure remains unchanged, but the shareholding composition now sees Thacker holding a more influential stake in the company.

This acquisition also highlights the strategic realignment taking place within the promoter groups of legacy companies, where mergers and off-market transfers are being used effectively to consolidate control and enhance promoter shareholding. The move is also seen as part of corporate governance restructuring, making entities leaner and more focused.

Interestingly, the transaction involved several Persons Acting in Concert (PACs) along with Thacker and Company. This includes prominent individuals such as Arunkumar Mahabirprasad Jatia, Yashvardhan Jatia, and several family trusts and group entities like Chem Mach Private Limited, Pudumjee Paper Products Limited, Suma Commercial Private Limited, AMJ Land Holdings Limited, among others.

The PACs and Thacker have been disclosing their stakeholding in compliance with SEBI norms, and this acquisition adds to their collective strength in 3P Land Holdings. Notably, no shares involved in this acquisition were encumbered, pledged, or linked to any convertible instruments, ensuring a clean and straightforward transaction.

This development was formally communicated to the stock exchanges—BSE and NSE—on 5th June 2025, with a copy also sent to 3P Land Holdings Limited for record purposes. The disclosure comes with a detailed breakdown of the pre and post-acquisition shareholding.

To summarize, the Thacker and Company acquisition news is a classic example of strategic mergers used to consolidate promoter stake in a listed entity. The acquisition of 5.61% stake in 3P Land Holdings via a NCLT-approved scheme of merger stands compliant with SEBI’s takeover regulations and showcases how corporate restructuring can enhance shareholder control. The latest news from BSE and NSE filings confirms this structured move, which is poised to impact the governance structure of the target company moving forward.

The market now awaits further updates from both Thacker and Company and 3P Land Holdings, especially regarding future plans, board composition, or strategic decisions that may follow this substantial acquisition. This development is being closely watched by investors, analysts, and stakeholders, as it could influence shareholder value, strategic partnerships, and market sentiment in the small-cap segment of India’s listed space.

In a dynamic corporate landscape, the Thacker and Company latest news reaffirms that legacy firms continue to find innovative and legally robust ways to strengthen their market positions, especially in promoter-led companies. This event also strengthens the role of the National Company Law Tribunal (NCLT) in streamlining corporate mergers under a defined legal framework, giving confidence to other companies seeking similar routes for shareholding restructuring.

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