Shareholding23 Jun 2026, 11:14 am
Setco Automotive: 16.5 Lakh Shares Released by Trustee
AI Summary
Setco Automotive Limited has announced the release of 16,50,000 equity shares, representing 1.23% of the total share capital, by Vistra ITCL (India) Limited, the Debenture Trustee. This release pertains to shares previously encumbered by Transstadia Enterprises Private Limited. The encumbrance was related to Non-Convertible Debentures (NCDs) issued by Setco Auto Systems Pvt. Ltd. The shares were released on June 18, 2026, as per SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This action signifies a reduction in the encumbered portion of promoter holdings.
Key Highlights
- 16.5 lakh Setco Automotive shares released by debenture trustee.
- Release pertains to Transstadia Enterprises Pvt Ltd's holding.
- Shares were encumbered against NCDs issued by a subsidiary.
- Transaction complies with SEBI Takeover Regulations.
- Reduces promoter group's encumbered share percentage.
Price Impact
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