Acquisitions1 April 2026 at 01:11 pm
Hubtown Ltd: Kushal H. Shah Invokes Pledge on Shares for Loan Collateral
AI Summary
According to a disclosure made under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Kushal H. Shah has invoked pledge on 4,500,000 shares, which is 3.17% of the total share capital of Hubtown Ltd. The shares were encumbered in favor of Edelweiss Investment Advisors Limited as collateral security for a loan availed by Hubtown Limited. This disclosure was made to the BSE Limited and National Stock Exchange of India Limited on April 01, 2026.
Key Highlights
- Kushal H. Shah invokes pledge on 4,500,000 shares of Hubtown Ltd.
- Shares encumbered in favor of Edelweiss Investment Advisors Limited.
- Encumbrance created as collateral security for a loan availed by Hubtown Limited.
- Disclosure made to BSE Limited and National Stock Exchange of India Limited.