The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vistra ITCL (India) Ltd
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Vistra ITCL (India) Ltd, acting as Debenture Trustee and Security Trustee for an NCD issue, has released 3,60,00,000 equity shares of GMR Power and Urban Infra Ltd on November 7, 2025. Vistra's encumbered shareholding dropped from 8,00,00,000 shares (11.19%) to 4,40,00,000 shares (6.15%). The filing under SEBI Regulation 29(2) clarifies that compliance is primarily the lender's responsibility, but Vistra is disclosing out of caution. Vistra is not part of the promoter group and holds these shares solely in a trustee capacity.
Pledge release reduces encumbrance on company shares held with the trustee, which is a mildly positive signal suggesting underlying loan/debt obligation has been settled or restructured. For shareholders, this reduces the overhang of pledged shares, though Vistra is not a promoter so this does not directly affect promoter holding.