The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deutsche Bank AG
VENTIVE · price
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Awaiting price reaction for this filing.
Deutsche Bank AG, acting as agent and offshore security agent for a consortium of lenders (Barclays, Deutsche Bank London, HSBC, and JPMorgan), has disclosed the release of encumbrance over 23,465,150 equity shares of Ventive Hospitality Ltd (about 10.05% of total share capital) held by BREP Asia III India Holding Co VI Pte. Ltd. (a Blackstone-affiliated entity referred to as the Singapore Share Holder). These shares were originally pledged on 25 April 2025 as security for a term loan facility availed by VH ML NQ Limited, jointly held by the parent entities of the Singapore and Mauritian Share Holders. The release was effective 23 January 2026, with the disclosure filed on 29 January 2026. The encumbrance over shares held by the Mauritian Share Holder (22.31%) and other covenant-based encumbrances continue to remain in effect, keeping total encumbered holdings at 75,570,046 shares (32.36%).
Positive signal for shareholders — the partial release of the pledge reduces the encumbered portion of Blackstone-affiliated shareholding, suggesting either partial loan repayment or improved lender confidence. However, a significant portion (32.36%) remains encumbered, so monitoring for further releases or any potential invocation is advisable.