The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
TVSSCS · price
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On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 0.5 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Catalyst Trusteeship Ltd, acting as Debenture Trustee for a group of debentureholders (including J.P. Morgan, OMERS Capital Markets Asia, Jio Finance, Kotak Private Credit Fund, DSP Finance, Nomura Capital and others), has disclosed the creation of additional pledge on equity shares of TVS Supply Chain Solutions Ltd. The total pledged shares have gone up from 3.30 crore shares (7.48%) to 4.85 crore shares (10.99%) of the company's share capital. The latest pledge covers 1.35 crore shares created on April 2, 2025, along with 20,000 shares pledged earlier on February 10, 2025. The acquirer is not part of the promoter or promoter group. The pledge is connected to debentures issued to these financial institutions, with potential for further pledge if certain security cover covenants are not met.
This is not a promoter-related event; it reflects institutional debenture holders taking additional collateral in TVS Supply Chain Solutions shares. While it signals increased leverage on the company's equity, it does not directly affect promoter holding or imply any change in control, so the near-term impact on retail shareholders is limited.