The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 19, 2025 for Sagility BV
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Sagility B.V., the promoter of Sagility India, has refiled a revised Regulation 31 disclosure to correct earlier errors. The promoter sold 703,000,000 equity shares (15.02% of paid-up capital) through an Offer for Sale on the stock exchange on May 27-28, 2025 (settled May 28-29, 2025). As a result, the promoter's holding dropped from 82.39% to 67.38% of the company. Because the shares sold were indirectly encumbered (pledged as collateral for overseas loans to Sagility Mezz B.V. and Sagility B.V.), this led to an indirect release of pledge on 703,000,000 shares (15.02%). The remaining 67.38% (3,154,129,152 shares) continue to be encumbered in favour of lenders including CPPIB Credit Investments Inc. and a consortium led by HSBC.
Although technically a 'release' of pledge, this is simply a mechanical reduction in encumbered shares because the promoter divested part of its stake. Promoter holding remains comfortably above the 75% minimum public shareholding threshold trigger. For shareholders, the key takeaway is that the promoter is still heavily encumbered (67.38%) and any further large sales could lead to additional pledge releases or lender actions.