Ambuja Cements: Promoters Revise Share Encumbrance Disclosure
Ambuja Cements Ltd has filed a revised disclosure regarding share encumbrance by its promoters, Harmonia Trade and Investment Limited, Holderind Investments Limited, and Endeavour Trade and Investment Limited. The disclosure, made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, clarifies that no pledge has been created on Ambuja Cements shares. The shares of the promoter entities have been charged as security for facilities availed by Endeavour, with an intercreditor agreement extending the existing security for a new facility that will partly refinance the original facilities. The total encumbered shares amount to 1,663,381,052, representing 66.94% of the total share capital.
Key Highlights
- Promoters revised share encumbrance disclosure under SEBI Takeover Regulations.
- No pledge created on Ambuja Cements Limited shares.
- Promoter entity shares charged as security for Endeavour's facilities.
- Intercreditor agreement extends security for new refinancing facility.
- Total encumbered shares represent 66.94% of total share capital.
Price Impact
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