The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBICAP Trustee Company Ltd
VERANDA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SBICAP Trustee Company Ltd has disclosed the creation of a pledge on 30,00,000 equity shares (3.13%) of Veranda Learning Solutions Ltd. SBICAP Trustee is acting as the Share Pledge Trustee for the benefit of City Union Bank Ltd, which is the lender. SBICAP Trustee is not part of the promoter or promoter group, and held NIL shares before this disclosure. The total share capital of Veranda Learning is 9,57,31,679 equity shares of Rs. 10 each, so the pledged shares represent 3.13% of voting capital. The date of the pledge is March 2, 2026.
A shareholder of Veranda Learning has pledged 30 lakh shares with City Union Bank via SBICAP Trustee. While the encumbrance level is modest (3.13%) and not from a promoter, investors should watch for any invocation of this pledge, which could create selling pressure on the stock.