Nusli Wadia moves Bombay Burmah shares to family firm, lifting its stake to 51.94%

Wadia Group chairman Nusli Wadia has moved almost all of his direct shares in Bombay Burmah Trading Corporation to the family’s holding company, Nowrosjee Wadia and Sons, taking its stake to 51.94%. He sold 12,81,356 shares, or 1.84%, in a block deal on 29 October 2026 at ₹1,195 each, according to a stock exchange disclosure reported by InvestyWise. 1

What happened

The transfer was between members of the same promoter group, so it is exempt from an open offer under Regulation 10(1)(a)(ii) of SEBI’s takeover rules. The family gave notice of the deal on 22 October, at least four working days in advance, as the rules require. After the sale Nusli Wadia holds 5,000 shares directly, about 0.01%, the filing showed. 1

Nowrosjee Wadia and Sons’ holding rose from 50.10% to 51.94% of Bombay Burmah’s 6,97,71,900 shares, a separate InvestyWise report on the buyer’s filing said. The total share capital did not change. 2

Key numbers

Item	Figure
Shares transferred	12,81,356 (1.84%)
Price	₹1,195 per share
Deal value, our calculation	About ₹153 crore
Nowrosjee Wadia and Sons stake	50.10% before, 51.94% after
Nusli Wadia’s remaining direct stake	5,000 shares (about 0.01%)
Date	29 October 2026

Why it matters for Nusli Wadia

The deal does not change who controls Bombay Burmah, the listed holding company of the Wadia Group, whose businesses include tea plantations. It tidies the family’s holding into one company and takes that company’s stake above 51%. Promoter groups often consolidate this way as part of succession planning, though the Wadias have not given a reason for the transfer.

Nusli Wadia, 82, has chaired the group for decades. His sons, Ness and Jehangir, are the next generation; Ness co-owns the IPL team Punjab Kings, which has just signed Hardik Pandya from Mumbai Indians, as we reported in our story on Akash Ambani’s farewell to Hardik. More on the family is on the Nusli Wadia family page.

Nusli Wadia’s net worth and Britannia

Forbes’ real-time list valued Nusli Wadia at $4.90 billion, about ₹46,700 crore, on 5 November 2026, 45th in India. Most of that comes from his roughly 8.62 crore Britannia shares, not from Bombay Burmah. See the Nusli Wadia net worth breakdown.

Britannia reported its September-quarter results on 6 November: consolidated revenue rose 16.6% to ₹5,542 crore and profit attributable to owners rose 10.2% to ₹721 crore, Business Today reported. Its shares still fell as much as 5% that day. 3

What happens next

Bombay Burmah will report the new shareholding in its next quarterly filing. Watch for any further inter-se transfers among the Wadia promoter entities, and for Britannia’s share price, which moves Nusli Wadia’s net worth far more than this deal does. For other business families, see the richest people in conglomerates.

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