Shareholding26 Aug 2026, 04:50 pm
Aster DM Quality Care: Promoter Union (Mauritius) Holdings Creates Indirect Encumbrance
AI Summary
Union (Mauritius) Holdings Ltd, a promoter of Aster DM Quality Care Limited, has disclosed the creation of an indirect encumbrance over its shares. This encumbrance involves a pledge of 100% of Union (Mauritius) Holdings Limited's shares by Dr. Azad Moopen Mandayapurath and other individuals in favor of DB Trustees (Hong Kong) Limited. The pledge serves as collateral for existing loan facilities totaling USD 210,000,000 availed by Union Investment Pvt Limited from Barclays Bank PLC and J.P. Morgan Chase Bank, N.A., London Branch. While no new direct encumbrance was created on Aster DM shares, existing encumbrances related to prior debt continue and will be released upon meeting lender conditions.
Key Highlights
- Promoter Union (Mauritius) Holdings created indirect share encumbrance.
- 100% of promoter's shares pledged as collateral for USD 210M loans.
- Encumbrance is in favor of DB Trustees (Hong Kong) Limited.
- Existing encumbrances continue, to be released upon loan conditions.
- Disclosure filed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Price Impact
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