
Subsidiary27 May 2026, 02:56 pm
GSP Crop Science Pledges Shares in GSP Intermediates
AI Summary
GSP Crop Science Ltd has created a pledge on 15,43,500 equity shares of its subsidiary, GSP Intermediates Private Limited (GIPL), in favor of Aditya Birla Capital Limited on May 26, 2026. This pledge represents 13.03% of GSP Crop Science's 79% shareholding in GIPL. The pledge serves as security for a term loan availed by GIPL. After this transaction, 5,806,500 equity shares (49% of the 79% shareholding) of GIPL are already under pledge. GSP Crop Science continues to hold 79% shareholding in GIPL, and the transaction does not result in any change in control or ownership of the subsidiary company.
Key Highlights
- GSP Crop Science pledges 15,43,500 shares in GSP Intermediates to Aditya Birla Capital.
- The pledge covers 13.03% of GSP Crop Science's 79% stake in its subsidiary.
- The pledge acts as security for a term loan obtained by GSP Intermediates.
- Post-pledge, 49% of GSP Crop Science's stake in GIPL remains under pledge.
- GSP Crop Science retains 79% shareholding in GIPL with no change in control.
Price Impact
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