New Launch4 Mar 2026, 12:04 pm
Creation of Encumbrance Over GMR Power and Urban Infra Shares for Securing New Debentures
AI Summary
Catalyst Trusteeship Ltd, as Debenture Trustee, has created an encumbrance over 12,00,00,000 equity shares of GMR Power and Urban Infra Ltd, constituting 15.36% of the issued and paid-up equity share capital, by way of pledge through constructive delivery. This encumbrance secures INR 350,00,00,000 (Indian Rupees Three Hundred Fifty Crore only) of new debentures issued by GMR Sports Venture Private Limited. The existing debentures worth INR 1,000,00,00,000 (Indian Rupees One Thousand Crore only) continue to be secured by the same pledged shares.
Key Highlights
- Creation of encumbrance over 12,00,00,000 equity shares of GMR Power and Urban Infra Ltd.
- Encumbrance secured new debentures worth INR 350,00,00,000 issued by GMR Sports Venture Private Limited.
- Existing debentures worth INR 1,000,00,00,000 continue to be secured by the same pledged shares.
- Catalyst Trusteeship Ltd acting as Debenture Trustee on behalf of Debenture Holders.
- GMR Estate Management Private Limited as the Pledgor.