The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
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Catalyst Trusteeship Limited, acting as the onshore security agent for lender Barclays Bank PLC, has disclosed the release of a pledge over 2,44,75,402 equity shares (10.20% of Indegene's share capital) held by shareholder CA Dawn Investments. The shares were originally pledged on 12 June 2024 as collateral under a facility agreement between CA Dawn (as borrower) and Deutsche Bank AG/Barclays Bank PLC (as lender). The release, dated 3 June 2025, was carried out to facilitate a 'Permitted Sale Transaction' by CA Dawn between 3 June and 6 June 2025. After the release, the encumbrance on these shares stands at nil.
The release of the pledge signals that a major shareholder (CA Dawn Investments) is preparing to sell up to 10.20% of Indegene's shares in the open market over the next few days, which could create significant supply pressure on the stock. Investors should watch for block deal announcements or heightened trading volumes during the sale window (3–6 June 2025).