The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
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Catalyst Trusteeship Limited, acting as Onshore Security Agent for a syndicate of 9 lenders (including Citibank, Barclays, Deutsche Bank, HSBC, Morgan Stanley, BNP Paribas, MUFG, JP Morgan, and Nomura), has disclosed the creation of a first-ranking exclusive pledge over 58,299,642 equity shares of Mphasis Limited held by promoter BCP Topco IX Pte. Ltd. The pledged shares represent 30.55% of Mphasis's total share capital (approx. 30.25% on a diluted basis). The pledge was created under a facility agreement dated May 12, 2026, and came into effect on May 15, 2026, to secure term loan facilities availed by the Borrower. Additional covenants in the nature of encumbrance, including negative lien and non-disposal undertakings, were also activated. This is a disclosure of security creation, not an actual transfer of shares.
This represents standard leveraged financing by a major promoter entity, where the entire ~30.55% stake is pledged as collateral. It does not directly impact shareholding but signals elevated risk if the borrower defaults and lenders invoke the pledge, potentially causing a large block of shares to be sold or transferred.