Deutsche Bank Discloses Piramal Pharma Share Pledge Update

Deutsche Bank AG, Mumbai Branch, acting as the onshore security agent for CA Alchemy Investments, has filed a disclosure under SEBI's Takeover Regulations. This update concerns the re-creation of a pledge over 98,400,000 equity shares of Piramal Pharma Limited, representing 7.39% of the total issued and paid-up share capital. Following this re-creation, Deutsche Bank AG holds a total pledge over 238,663,700 equity shares, amounting to 17.93% of the company's issued and paid-up share capital. The bank clarifies it holds no beneficial interest in these shares, acting solely as a pledgee.