The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for CSC Global Capital Markets Singapore Pte Ltd
NIRLON · price
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CSC Global Capital Markets (Singapore) Pte. Ltd., acting as security agent for Barclays Bank PLC, has filed a disclosure under SEBI SAST Regulations. The filing relates to an indirect encumbrance created over equity shares of Nirlon Limited. BSREP IV FPI Two Holdings (DIFC) Limited (Borrower) holds 10,545,558 shares in Nirlon, representing approximately 11.7% of total share capital. Villa Park Holdings (DIFC) Limited (Parent), which holds 100% of the Borrower, has created a security right over all shares of the Borrower in favour of the Security Agent for the benefit of Barclays Bank PLC. This encumbrance arises from a facilities agreement dated 9 June 2025 and a share security agreement dated 7 April 2026. The acquirer (CSC Global) is not part of the Promoter/Promoter group of Nirlon Limited.
This is a routine disclosure of an indirect pledge/security arrangement at the holding company level. Current shareholding in Nirlon remains unchanged. If the Borrower defaults on the loan, the security agent may need to exercise rights over the pledged shares, which could potentially lead to a change in beneficial ownership of the 11.7% stake.