The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IDBI Trusteeship Services Ltd
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IDBI Trusteeship Services Limited, acting as Security Trustee for lenders to Jaiprakash Associates Limited, has disclosed the release of encumbrance over 1,30,26,97,997 equity shares of Jaiprakash Power Ventures. This includes release of pledge over 1,20,05,09,431 shares and release of non-disposal undertaking over 10,21,88,566 shares, together constituting 19.01% of the company's total share capital. The release was executed on May 21, 2026 pursuant to an NCLT Allahabad Bench order dated March 17, 2026, and the Joint Lenders Meeting minutes dated May 15, 2026. Under Takeover Regulations, release of encumbrance is treated as a disposal. IDBI Trusteeship's post-release holding is Nil as it no longer holds any shares as security.
This filing relates to a security trustee releasing pledged shares back to the borrower following NCLT approval and lender agreement. It does not directly indicate promoter stake changes but may affect future share transfer flexibility for Jaiprakash Associates.