The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IDH International Drilling Holdco Ltd, Cyprus
ESSARSHPNG · price
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Awaiting price reaction for this filing.
IDH International Drilling Holdco Ltd (Cyprus), part of the promoter group of Essar Shipping Ltd, has released the pledge on its entire holding of 2,14,06,365 equity shares, which represents 10.34% of the company's total share capital. These shares were previously pledged in favor of Energy II Ltd, Bermuda, and have been freed from encumbrance effective 10.12.2025. After this release, the promoter group's holding of 10.34% remains unchanged but is now fully unencumbered. No shares were bought or sold — the transaction purely relates to the removal of the pledge.
This is a positive signal for shareholders as the release of the pledge reduces encumbrance risk and indicates improved financial flexibility for the promoter entity. The overall promoter ownership percentage is unchanged, so this should not directly affect stock price, but it eases concerns around a forced sale of pledged shares.