The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for DB Trustees (Hong Kong) Ltd
ASTERDM · price
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DB Trustees (Hong Kong) Ltd, acting as offshore security agent, has released a pledge over 186,853,810 equity shares (36.06% of total share capital) of Aster DM Healthcare held by promoter Union Investments Private Ltd (UIPL). The pledge was originally created on 27 February 2025 to secure a USD 145 million term loan facility from Barclays, HSBC, and J.P. Morgan. The release was effective 5 May 2025. After the release, indirect encumbrance over Aster DM Healthcare shares has come down from 38.76% to 2.69% (the remaining 2.69% pertains to a separate, independent transaction). No actual change in ownership or voting rights has occurred — only the encumbrance (pledge) has been removed.
This is a positive development for shareholders, as it removes a significant encumbrance on promoter-held shares, reducing forced-selling risk. It likely indicates that UIPL has repaid or refinanced its loan obligation, signaling improved financial flexibility for the promoter group.