Investment24 Mar 2025, 08:11 pm
Aster DM Healthcare: Union Investment Private Limited Creates Pledge Over Shares Worth USD 145 Million
AI Summary
Union Investment Private Limited (UIPL) has created a pledge over shares in Aster DM Healthcare Limited worth USD 145 million. The shares were pledged as security for a term loan facility obtained by UIPL. The pledge affects 85,096,820 shares held by UIPL and 1,99,80,522 shares held by Union (Mauritius) Holding Limited (UMHL). The shares have been pledged in accordance with the share pledge agreements entered into between UIPL, UMHL, and Catalyst Trusteeship Limited, the onshore security agent.
Key Highlights
- Union Investment Private Limited has created a pledge over shares in Aster DM Healthcare Limited worth USD 145 million.
- The pledge affects 85,096,820 shares held by UIPL and 1,99,80,522 shares held by Union (Mauritius) Holding Limited.
- The pledge was created as security for a term loan facility obtained by UIPL.
- The pledge has been recorded in the depository system.
- Catalyst Trusteeship Limited is the onshore security agent for the pledge.