The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vistra ITCL (India) Ltd
Awaiting price reaction for this filing.
Vistra ITCL (India) Ltd, acting as Debenture Trustee, has disclosed the release of 1,02,90,907 equity shares (8.69% of total share capital) of Mangalore Chemicals & Fertilizers Ltd that were previously held as encumbered shares (security). The shares were released on December 27, 2024 and April 24, 2025. After this release, Vistra ITCL holds Nil shares in the company. Vistra clarified it is not part of the promoter/promoter group and filed this disclosure out of abundant caution, noting the primary onus of compliance lies with the lender/debenture holder.
This is a pledge release event, not a market sale — the 8.69% stake simply comes off encumbrance and returns to the borrower/lender. No shares are being sold in the open market, so there is no direct supply overhang on the stock. For shareholders, this removes a layer of uncertainty around pledged shares but does not change the company's fundamentals or shareholding structure materially.