Holderind Investments Limited and Endeavour Trade and Investment Limited, promoters of ACC Limited, have encumbered 12,472,807 shares, representing 6.64% of the total share capital. This encumbrance, created on October 21, 2026, is in favour of Deutsche Bank AG, Hong Kong Branch, acting as the security agent for lenders. The shares are pledged to secure a loan facility of up to USD 1.375 billion, primarily for refinancing existing facilities.
Promoter Encumbrance Details
Holderind Investments Limited and Endeavour Trade and Investment Limited, the promoters of ACC Limited, have entered into an agreement that encumbers a significant portion of their shareholding. Specifically, 12,472,807 shares, equating to 6.64% of ACC Limited’s total share capital, have been encumbered. This action was formalized through an agreement dated October 21, 2026.
Security Agent and Loan Facility
The shares are pledged as security to Deutsche Bank AG, Hong Kong Branch, which is acting as the security agent for a consortium of lenders. The total amount involved in this facility is up to USD 1.375 billion. The purpose of this facility is primarily to partially refinance and repay existing loan facilities that were previously disclosed.
End Use of Funds
The funds raised through this new facility will be utilized by Endeavour, including its successors and permitted transferees, to partly refinance and repay the Original Facilities. It is explicitly noted that no new pledge has been created over the shares of ACC Limited beyond what was previously disclosed in relation to the ‘Original Facilities’.
Existing Encumbrance Summary
The total promoter shareholding in ACC Limited stands at 106,456,927 shares, representing 56.69% of the total share capital. The currently encumbered shares amount to 12,472,807, which is 11.72% of the promoter shareholding and 6.64% of the total share capital. The value of shares on the date of the event is reported as 14,391,124,717, against an amount involved of up to USD 1.375 billion, yielding a ratio of 0.05.
Source: BSE
