The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 29, 2025 for Anbee Constructions LLP
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Anbee Constructions LLP, a promoter entity of Chalet Hotels, disclosed a pledge release of 1.10 crore shares (5.03% of total share capital) from IDBI Trusteeship Services (acting as security trustee for HDFC Bank) on August 26, 2025. On August 29, 2025, the same 1.10 crore shares were re-pledged in favor of Aditya Birla Capital Limited, an NBFC, as collateral for a Rs 450 crore facility. The borrower is Stargaze Properties Private Limited and the co-borrower is K Raheja Corp Private Limited, both K Raheja Corp group companies. Effectively, this is a refinancing — the lender changed from HDFC Bank to Aditya Birla Capital, while the quantum of encumbered shares held by Anbee Constructions LLP stays at 1.31 crore shares (6.00%). Total promoter shareholding in Chalet Hotels stands at 67.34%, with 31.93% of promoter holdings currently encumbered.
Net impact on shareholders is largely neutral — the pledge was substituted from one lender to another rather than being invoked or released permanently. The pledged shares continue to serve as collateral for promoter-group borrowing, which is a routine treasury action. Investors should note that about one-third of the promoter stake remains encumbered, but this is below the 50% promoter-holding threshold.