The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for The Hongkong & Shanghai Banking Corporation Ltd
HEXT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts less than Nifty Midcap 150 and 0.1 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The promoter of Hexaware Technologies, CA Magnum Holdings, has created a pledge/encumbrance over 45,39,88,884 equity shares (74.55% of the company's total share capital) held through its HoldCo CA Silkie Investments. The encumbrance is in the form of a Mauritian law fixed and floating charge in favour of HSBC Singapore Branch acting as Offshore Security Agent for a consortium of about 19 global lenders including JPMorgan, Citibank, Barclays, DBS, Mizuho, MUFG and ANZ. The pledge secures a facility of up to USD 1.255 billion (about Rs. 10,500+ crore) under an Amended and Restated Facilities Agreement. The arrangement became effective on November 17, 2025, and the disclosure was filed on November 24, 2025. There is no change in the economic ownership of the promoter — this is purely a financing/security arrangement tied to a large offshore borrowing.
No change in promoter's ownership or control — this is a refinancing/loan security event. However, with nearly 75% of the promoter stake encumbered, any default or covenant breach could expose a majority of promoter holdings to enforcement risk. Neutral-to-slightly-negative sentiment signal for the stock.