Taj GVK Hotels & Resorts Limited has submitted to the Exchange a copy of Disclosure under regulation 2011, and SEBI (LODR) Regulations, 2015
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Awaiting price reaction for this filing.
Taj GVK Hotels & Resorts informed the exchanges that promoter group entities Moonshot Trust and Starlight Trust have pledged their equity shares in favour of 360 ONE Prime Limited as security for a term loan of Rs. 250 crore. The pledge was created on December 30, 2025, with 360 ONE Prime acting as the lender. Based on the disclosure, about 1.49 crore shares (23.75% of share capital) held by Starlight Trust and 1.17 crore shares (18.69%) held by Moonshot Trust have been encumbered. The combined pledged promoter holding works out to roughly 42.44% of the company's total share capital.
This is a debt-funded move where promoters have used their equity stake as collateral to raise Rs. 250 crore, not a stake sale. The pledged portion is sizeable but stays below the 50% threshold, so there is no immediate red flag, though a sharp drop in share price could trigger margin call or invocation risks.