Loan & Debt19 May 2026, 05:31 pm
Mphasis: Deutsche Bank Encumbers 30.55% Shares
AI Summary
Deutsche Bank AG, acting as an agent for lenders, disclosed the creation of an encumbrance over 58,299,642 equity shares of Mphasis Ltd, representing 30.55% of the total share capital. This encumbrance is in favor of the onshore security agent to secure term loan facilities under a facility agreement dated May 12, 2026. The borrower, BCP Topco IX Pte. Ltd., availed the loan from the lenders, and the pledge came into effect on May 15, 2026.
Key Highlights
- Deutsche Bank encumbers 30.55% of Mphasis shares on behalf of lenders.
- Encumbrance secures term loan facilities under a 2026 agreement.
- BCP Topco IX Pte. Ltd. is the borrower and pledgor of the shares.
- Pledge of 58,299,642 shares came into effect on May 15, 2026.