The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IDBI Trusteeship Services Ltd

Pledge invokedOwnership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-0.2% vs market

Telecom - Cellular & Fixed line services peers, median of 6sector+0.5%-0.5% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.5 pts less than its Telecom - Cellular & Fixed line services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

-2.7+1.1-3.8+2.4-5.1

-2.7+1.1-3.8+2.0-4.7

-2.7-0.9-1.8+0.1-2.8

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-5.4+1.4-6.8+3.3-8.7

15d

+18.9+6.2+12.7+1.2+17.7

+2.7+7.1-4.4-0.5+3.2

+45.9+8.0+38.0-6.6+52.5

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UpDownMarket · Nifty Microcap 250Sector · Telecom - Cellular & Fixed line services peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IDBI Trusteeship Services Ltd (ITSL), acting as share pledge trustee and debenture trustee, has sold 1,63,87,184 equity shares (2.67% of share capital) of Quadrant Televentures Ltd in the open market on BSE. The sales happened between 7th March 2025 and 26th May 2026. The shares were originally pledged by Quadrant Enterprises Private Limited (part of the promoter group) against non-convertible debentures issued by Quadrant Televentures in 2013. Following events of default that were not cured, the pledge was invoked and the shares were sold on instructions of the NCD holders to recover outstanding dues. ITSL's holding has reduced from 9.33% to 6.66% of the company.

Likely market impact

This is a forced sale by lenders, not a voluntary promoter action. It represents a 2.67% reduction in the effective promoter group stake (via pledged shares) due to the company's default on its debenture obligations. The continued default and asset sales signal financial stress at Quadrant Televentures, which is negative for shareholders. Further pledge-related selling pressure cannot be ruled out.