Shareholding15 May 2026, 11:02 am
Indo Borax: Pledge Creation by Catalyst Trusteeship
AI Summary
Catalyst Trusteeship Ltd, acting as Debenture Trustee, disclosed the creation of a pledge over 24,44,534 equity shares of Indo Borax Chemicals Limited, representing 7.62% of the total share capital. This pledge was created to secure debentures issued by Zenrock Chemicals Private Limited, amounting to ₹390 Crore. Post-acquisition, Catalyst Trusteeship holds a pledge over 1,23,26,764 shares, representing 38.42% of Indo Borax's equity.
Key Highlights
- Catalyst Trusteeship created a pledge over 24,44,534 Indo Borax shares.
- The pledge secures ₹390 Crore debentures issued by Zenrock Chemicals.
- Post-pledge, Catalyst Trusteeship holds 38.42% of Indo Borax shares under pledge.
- The acquisition was executed through the creation of a pledge on May 12, 2026.
- Indo Borax's equity share capital remains at ₹3,20,90,000 after the pledge.
Price Impact
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