GLAS Trust (Singapore) Ltd, acting as the offshore security agent, has filed a disclosure under SEBI regulations regarding a substantial sale of shares in Aster DM Quality Care Ltd. The borrower has disposed of 62,400,000 equity shares, representing 7.16% of the total share capital. This action follows a release of pledge and impacts the encumbrances on the Target Company’s shares.
Disclosure on Share Disposal by Offshore Security Agent
GLAS Trust (Singapore) Ltd, in its capacity as the offshore security agent, has submitted a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This filing pertains to a sale and disposal of equity shares in Aster DM Quality Care Ltd (the ‘Target Company’).
Transaction Details
The borrower has undertaken a sale and disposal of 62,400,000 equity shares of the Target Company. This transaction, which occurred on 19 August 2026 with settlement on 20 August 2026, represents 7.16% of the total share capital. This disposal follows the release of a pledge over 84,425,547 equity shares previously held by the Borrower.
Impact on Shareholding
Prior to this acquisition/disposal, GLAS Trust (Singapore) Ltd, as the offshore security agent, held 86,317,533 shares, representing 9.90% of the total voting capital. Following the disposal, the shares encumbered with the acquirer (GLAS Trust) stand at 23,917,533 shares, accounting for 2.74% of the total share capital.
Background
The disclosure is made in relation to indirect encumbrances created over the shares held by the Borrower in the Target Company. Catalyst Trusteeship Limited, acting as onshore security agent, also made a separate disclosure on 19 August 2026 concerning the release of the pledge.
Source: BSE
