Promoter-group entity pledges 1.09% of Manipal Health shares
MANIPALHOS · price
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MEMG International India Private Limited, a promoter-group entity, pledged 14,492,951 Manipal Health shares, equal to 1.09% of fully diluted capital, to Vistra ITCL India as security trustee for promoter-group debentures. These shares already carried covenants, so no additional shares were pledged. Promoters hold 27.70%, with 100% of their holding encumbered.
No ownership change or sale. The pledge secures promoter-group debt, increasing default and stock-price risk if the shares are later invoked.