IGE India Creates Encumbrance on 45.92% Shares of International Conveyors Ltd
IGE (India) Private Limited has disclosed the creation of an encumbrance on 2,92,87,560 equity shares, representing 45.92% of the total share capital of International Conveyors Ltd. This encumbrance, classified as 'Others' and effective from June 17, 2026, serves as collateral for the issuance of debentures by the company and its group entities. The encumbrance is in favour of CTL Trusteeship Limited, acting as Debenture Trustee on behalf of debenture holders. This disclosure is made in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, specifically concerning non-disposal undertakings.
Key Highlights
- IGE India encumbers 45.92% stake in International Conveyors Ltd.
- Encumbrance created on June 17, 2026, for debenture issuance collateral.
- Disclosure filed under SEBI Takeover Regulations.
- CTL Trusteeship Limited is the beneficiary of the encumbrance.
Price Impact
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