Shareholding22 Sept 2026, 11:59 am
Patel Engineering: Catalyst Trusteeship Releases 6.16 Cr Pledged Shares
AI Summary
Catalyst Trusteeship Limited, acting as Debenture Trustee, has released 6,16,71,158 pledged equity shares of Patel Engineering Limited. This action, disclosed under SEBI's Takeover Regulations, also involved the creation of a Non-Disposal Undertaking (NDU) for the same number of shares. The release of pledged shares represents approximately 6.22% of the total share capital. This move is significant as it pertains to the release of encumbered shares, potentially impacting the free float and promoter holding structure.
Key Highlights
- Catalyst Trusteeship released 6.16 Cr pledged shares of Patel Engineering.
- Release represents 6.22% of the company's total share capital.
- A Non-Disposal Undertaking (NDU) was also created for these shares.
- Disclosure made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- This action pertains to shares held by the Debenture Trustee on behalf of Debenture Holders.
Price Impact
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