Piramal Pharma: Deutsche Bank Releases 7.39% Pledged Shares

Deutsche Bank AG, acting as the onshore security agent, has disclosed the release of 98,400,000 equity shares of Piramal Pharma Limited. These released shares constitute 7.39% of the total issued and paid-up share capital. This action is part of a 'Permitted Sale Transaction' under a facility agreement. Following this release, Deutsche Bank continues to hold a pledge over 140,263,700 equity shares, representing 10.54% of the company's share capital. The disclosure is made under SEBI's Takeover Regulations.