The Exchange has received the disclosure under Regulation 29(2) 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 Ltd, has pledged 36,00,000 equity shares (2.69% of total share capital) in favour of Catalyst Trusteeship Ltd, which is acting as a debenture trustee. The pledge serves as security for unrated, unlisted, secured, redeemable, non-convertible debentures with an aggregate nominal value of up to Rs. 577.50 crore, issued by Serenesummit Realty Private Limited. After this pledge, the total encumbered shares held via Catalyst Trusteeship stand at 2,77,03,489 shares, or 20.67% of WeWork India's share capital, up from 17.98% earlier. The transaction date is March 10, 2026, and the disclosure was filed on March 12, 2026.
This is a new pledge creation by the promoter group and increases the total encumbered holding to 20.67% of the company, which shareholders should monitor as a higher encumbrance level can raise concerns if the underlying debt faces any stress. Voting rights remain with the pledgor, so there is no change in control from this disclosure alone.