Shareholding2 Jun 2026, 05:42 pm
IDBI Trusteeship Sells 1.63 Cr Quadrant Televentures Shares
AI Summary
IDBI Trusteeship Services Ltd (ITSL), acting as Share Pledge Trustee, has sold 1,63,87,184 shares of Quadrant Televentures Limited in the open market. This sale follows the invocation of a pledge due to events of default under the Debenture Trust Deed and related agreements. ITSL sold the shares on the instructions of the Lenders/Debenture Holders to recover outstanding amounts. Post-sale, ITSL's holding in Quadrant Televentures has reduced to 4,07,44,652 shares, representing 6.66% of the total equity.
Key Highlights
- IDBI Trusteeship sold 1.63 Cr shares of Quadrant Televentures.
- Sale executed in the open market due to pledge invocation.
- Action taken on instructions from Lenders/Debenture Holders.
- ITSL's holding reduced to 6.66% post-transaction.
- Purpose is recovery of outstanding amounts.
Price Impact
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