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, has filed a disclosure regarding an additional pledge of 3,60,00,000 equity shares (5.04%) of GMR Power and Urban Infra Ltd, received on November 12, 2025. The pledge was created to secure the issue of Non-Convertible Debentures (NCDs). With this, Vistra's encumbered holding in the company has risen from 4,40,00,000 shares (6.16%) to 8,00,00,000 shares (11.19%) of the total share capital. Vistra clarified that the shares are held solely in its capacity as a security/debenture trustee, and the primary responsibility for SEBI compliance lies with the lender or debenture holder, not the trustee. The equity share capital remains unchanged at 71,48,36,194 shares.
This is a technical disclosure by the debenture trustee and does not represent any change in beneficial ownership or promoter holding. Shareholders should note the increased encumbrance on the company's shares, but it is a routine event tied to NCD issuance and unlikely to materially affect the stock price.