The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for DB International Trust (Singapore) Ltd
EPL · price
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Awaiting price reaction for this filing.
DB International Trust (Singapore) Limited, acting as Security Agent, filed a disclosure for EPL Limited (formerly Essel Propack). Epsilon Bidco Pte. Ltd. sold 7,94,94,085 equity shares (24.88% of EPL's share capital) on May 27, 2025. Before the transaction, the encumbered holding tracked by the Security Agent stood at 16,39,73,866 shares (51.3% of capital); after the sale, it fell to 8,44,79,781 shares (26.4%). The note clarifies that this is not a direct release of encumbrance on EPL's shares — rather, Epsilon Bidco (whose own shares were pledged by its Parent, Epsilon Pledgeco, as collateral for an offshore facility) sold its entire EPL stake, which automatically reduced the Security Agent's tracked encumbrance exposure. The acquirer is not classified as part of the promoter/promoter group.
Encumbered holdings have nearly halved (from 51.3% to 26.4%), lowering the risk of a sudden pledge invocation and forced selling. However, a sizeable ~25% stake has changed hands, signalling a meaningful shift in the shareholder base that investors should monitor for further developments.