The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBICAP Trustee Company Ltd
INDIANHUME · price
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SBICAP Trustee Company Ltd (STCL), acting as Security Trustee, has released the pledge on 1,16,94,995 equity shares of Indian Hume Pipe Company, representing 22.20% of the company's total share capital. The release took effect on 24 March 2026. Before the release, STCL held encumbered shares of 22.20%, and after the release, encumbered shares stand at NIL. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011. STCL clarified it is not a promoter and only acted as a security trustee holding the pledge for the benefit of lenders/debenture holders.
The release of pledge on 22.20% of shares removes a significant encumbrance overhang on the stock, which is generally a positive signal for shareholders as it indicates the underlying loan obligation has been settled and pledged shares are now free to be traded by the actual owners.