The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IDH International Drilling Holdco Ltd, Cyprus
ESSARSHPNG · price
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IDH International Drilling Holdco Ltd, Cyprus, part of the Promoter Group of Essar Shipping Ltd, has released the pledge on 2,14,06,365 equity shares (10.34% of total share capital). These shares were earlier pledged in favor of Energy II Limited, Bermuda, and were released on December 10, 2025. The disclosure has been filed with BSE and NSE under Regulation 29(2) of SEBI Takeover Regulations, 2011. The total shareholding of the promoter group entity remains unchanged at 10.34%, only the encumbrance status has changed.
Pledge release is generally a positive signal as it removes the risk of forced sale of shares by the lender. The promoter's unencumbered stake increases, giving them greater financial flexibility, though no change in actual ownership has occurred.