Ambuja Cements Limited has reported that its promoter entities, Harmonia Trade and Investment Limited, Holderind Investments Limited, and Endeavour Trade and Investment Limited, have encumbered a substantial portion of their shares. This encumbrance is in relation to new credit facilities availed by Endeavour, alongside the continued security for existing facilities. The total encumbered shares represent 66.94% of the total share capital, valued at approximately USD 1.375 billion.
Promoter Share Encumbrance Details
Ambuja Cements Limited has disclosed that its promoter entities, including Harmonia Trade and Investment Limited, Holderind Investments Limited, and Endeavour Trade and Investment Limited, have placed a significant number of their shares under encumbrance. This action is primarily to secure credit facilities availed by Endeavour.
As of October 26, 2026, the total promoter shareholding in Ambuja Cements Limited stands at 1,672,081,052 shares, representing 67.33% of the total share capital. Out of this, 1,663,381,052 shares are encumbered, which accounts for 99.48% of the promoter’s shareholding and 66.94% of the total share capital. The value of shares encumbered on the date of the event is approximately USD 1.375 billion.
Facility Details and Security Agent
The encumbrance relates to facilities availed by Endeavour, including both existing and a new facility that refinances part of the original facilities. Deutsche Bank AG, Hong Kong Branch is acting as the security agent for the lenders. The original facility agreement involved multiple entities including MUFG Bank, Ltd., Mizuho Bank, Ltd., and Standard Chartered Bank, among others. The new facility agreement also lists similar banking institutions as arrangers and bookrunners.
It is noted that no pledge has been created over the shares of Ambuja Cements Limited itself, but rather the shares held by the promoter entities have been used as security.
Source: BSE
