The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
WEWORK · price
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Embassy Buildcon LLP, part of the promoter group of WeWork India Management Limited, has pledged 2,41,03,489 equity shares (17.98% of total share capital) in favour of Catalyst Trusteeship Limited. The pledge is created as security for unrated, unlisted, secured, redeemable, non-convertible debentures of up to Rs. 577.50 crore issued by the company. The pledge was created on February 26, 2026, and the disclosure was filed with BSE and NSE on March 2, 2026 under SEBI SAST Regulation 29(1). The total equity share capital of the company remains unchanged at Rs. 134.02 crore (13.40 crore shares of Rs. 10 each).
This is a debt-financing arrangement where promoter-group shares are pledged as collateral, not an actual change in ownership. Shareholders should monitor the company's debt servicing capacity, as a pledge invocation could lead to a change in shareholding if the company defaults on the debentures.