The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBICAP Trustee Company Ltd
INDOTECH · price
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Awaiting price reaction for this filing.
SBICAP Trustee Company Ltd, acting as Security Trustee for State Bank of India, has released 15,00,000 equity shares (14.12% of total share capital) of Indo Tech Transformers that were previously pledged in its favour. The release happened on 14 November 2025. Before the release, 46,86,000 shares (44.12%) were held as encumbrance; after the release, 31,86,000 shares (30%) remain encumbered with the trustee. The acquirer is not part of the promoter/promoter group — it is a security trustee acting on behalf of SBI. No shares were actually bought or sold in the market; this is purely a pledge release event.
Pledge release is generally a positive signal — it reduces the encumbered share pool and lowers the risk of a forced sale hitting the market. Remaining encumbrance is still substantial at 30%, so investors should monitor whether further releases or invocations occur.