Pledge1 April 2026 at 10:43 am
Embassy Development Limited: Catalyst Trusteeship Ltd Takes Over Shares via Pledge for Debentures
AI Summary
Embassy Development Limited has disclosed the creation of a pledge on its equity shares to secure the issue of debentures by Serenesummit Realty Private Limited. Catalyst Trusteeship Limited, acting as Debenture Trustee on behalf of Debenture holders, has taken over 2,550 secured, unlisted, redeemable and non-convertible debentures worth INR 255,00,00,000 (Tranche I Debentures) and 300 secured, unlisted, redeemable and non-convertible debentures worth INR 30,00,00,000 (Tranche II Debentures). The acquisition was made during March 16, 2026 to March 27, 2026. The total paid-up share capital of the Target Company is Rs. 278,12,66,866 comprising of 139,06,33,433 Equity Shares.
Key Highlights
- Embassy Development Limited discloses pledge of equity shares to secure debentures
- Catalyst Trusteeship Ltd takes over 2,550 secured debentures worth INR 255 crores (Tranche I Debentures)
- Catalyst Trusteeship Ltd also takes over 300 secured debentures worth INR 30 crores (Tranche II Debentures)
- Acquisition made during March 16, 2026 to March 27, 2026
- Total paid-up share capital of the Target Company is Rs. 278,12,66,866 comprising of 139,06,33,433 Equity Shares