The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vistra ITCL (India) Ltd
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Awaiting price reaction for this filing.
Vistra ITCL (India) Ltd, acting as Debenture Trustee and Security Trustee (not a promoter), has disclosed the release of 1,39,62,27,524 equity shares of RattanIndia Power Ltd, which represented 26% of the company's share capital and 24.3% of the diluted share capital. These shares were previously held as encumbrance (pledge/lien) to secure debentures and a term loan facility availed by RattanIndia Power. Post-release, Vistra ITCL's holding stands at NIL. The release was effective August 5, 2025. Vistra clarified that it is filing this disclosure out of abundant caution, as the primary obligation lies with the lender/debenture holder.
This is a pledge release of a large 26% block, which generally reduces pledge-related risk for the stock. Since Vistra was only a trustee (not a real beneficial owner), this likely reflects debt being repaid, restructured, or security being vacated rather than a change in actual ownership.