The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deutsche Bank AG
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Awaiting price reaction for this filing.
Deutsche Bank AG (acting as offshore security agent for lenders) has filed a Regulation 29(2) disclosure regarding the release of indirect encumbrance over 24,475,402 equity shares of Indegene, representing 10.20% of the company's total share capital. The release follows a sale of these shares by CA Dawn Investments (the borrower under a facility agreement dated 5 April 2022) on 4 June 2025, effectively completing the borrower's exit from Indegene. CA Dawn had held 45.5 million Indegene shares pre-IPO, sold some during the May 2024 IPO, then another 10.26 million in December 2024, and now the remaining 24.47 million in this latest transaction. After this event, Deutsche Bank (as security agent) holds zero encumbrance over Indegene shares. The acquirer is not part of the promoter/promoter group.
This signals a complete exit by financial investor CA Dawn Investments, with the 10.20% block sale likely creating short-term supply pressure on the stock. However, since these shares were already under encumbrance and the borrower was a pre-IPO investor exiting in stages, the long-term overhang on the stock is now removed, which is broadly positive for price stability.