StockWatch
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Hospital
Shareholding31 Oct 2026, 10:30 am

Manipal Health Promoter MEMG Pledges 1.44 Cr Shares

AI Summary

Manipal Health Enterprises Limited has disclosed that MEMG International India Private Limited, an entity in the promoter group, has created a pledge over 1,44,92,951 equity shares of the company. This pledge, executed on October 24, 2026, is in favor of Vistra ITCL (India) Limited, acting as the debenture trustee for non-convertible debentures (NCDs) aggregating up to INR 500,00,00,000. Certain covenants in the nature of encumbrance were already subsisting on these shares, and this pledge does not involve additional shares.

Key Highlights

  • Promoter group entity MEMG pledged 1.44 crore shares.
  • Pledge is in favor of debenture trustee Vistra ITCL.
  • Related to NCD issuance of INR 500 crore.
  • Existing encumbrances on shares remain.
  • Disclosure made under SEBI (SAST) Regulations, 2011.