Union (Mauritius) Holdings Limited, a member of the promoter group of Aster DM Quality Care Limited (formerly Aster DM Healthcare Limited), has encumbered 19,980,522 shares. This represents 2.29% of the total share capital. The encumbrance is in favor of DB Trustees (Hong Kong) Limited, acting as the common offshore security agent, to secure certain finance facilities. This indirect encumbrance was created on 24 August 2026.
Indirect Encumbrance on Aster DM Shares
Union (Mauritius) Holdings Limited (“UMHL”), a key entity within the promoter group of Aster DM Quality Care Limited (formerly Aster DM Healthcare Limited), has created an indirect encumbrance over a substantial number of its shares. The disclosure, made on 26 August 2026, reveals that 19,980,522 shares in the target company have been encumbered. This quantity represents approximately 2.29% of the total share capital of Aster DM Quality Care Limited.
Details of the Encumbrance
The encumbrance was established pursuant to the terms of the Second Amendment and Restatement Agreement and the “F2 Facility Agreement.” These agreements are related to term loan facilities availed by Union Investment Private Limited. Consequently, 100% of the equity shares of UMHL have been pledged in favor of DB Trustees (Hong Kong) Limited. DB Trustees acts as the “Common Offshore Security Agent” and will hold these shares to secure the aforementioned facilities for the benefit of certain lenders and finance parties. The effective date of this indirect encumbrance is noted as 24 August 2026.
Prior Holdings and Context
Prior to this indirect encumbrance, on 24 August 2026, the total shareholding of DB Trustees (Hong Kong) Limited, acting as the common offshore security agent, was 258,952,574 equity shares, representing 29.71% of the total share capital. This was in relation to a separate independent transaction. The current disclosure specifically pertains to the indirect encumbrance on UMHL’s shares. The total equity share capital of Aster DM Quality Care Limited before and after this acquisition remains 871,672,439 shares.
Source: BSE
