Shareholding20 May 2026, 09:55 am
Afcons: Axis Trustee Encumbers 25.03% Shares as Pledgee
AI Summary
Axis Trustee Services Ltd, acting as pledgee, disclosed encumbrance over 9,20,72,053 equity shares (25.03%) of Afcons Infrastructure Limited under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The shares are encumbered in their capacity as common security trustee, with no beneficial interest held by Axis Trustee. This relates to a pledge over 100% share capital of Goswami Infratech Private Limited (GIPL) created by SP Finance and SC Finance in favor of Axis Trustee Services Limited as the GIPL Debenture Trustee, pursuant to a debenture trust deed.
Key Highlights
- Axis Trustee Services encumbered 25.03% of Afcons Infrastructure shares as pledgee.
- The encumbrance involves 9,20,72,053 equity shares of Afcons.
- Axis Trustee acts as a security trustee and holds no beneficial interest.
- The encumbrance is linked to a debenture trust deed involving Goswami Infratech Private Limited.
- SP Finance and SC Finance created the pledge in favor of Axis Trustee.
Price Impact
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