Manipal Health Enterprises: Promoter Group Releases Share Pledges

MEMG International India Private Limited, an entity within the promoter group of Manipal Health Enterprises Limited, has disclosed the release of pledges on certain shares of the company. Specifically, a pledge of 72,50,000 shares in favor of Vistra ITCL (India) Limited (as debenture trustee) securing debentures issued by Claypond Capital Partners Private Limited has been released. Additionally, a pledge of 72,42,951 shares in favor of 360 One Prime Limited (as lender) securing a facility availed by Manipal Education and Medical Group India Private Limited has also been released. While these specific pledges are resolved, certain other covenants in the nature of encumbrance remain subsisting.