ACC Limited has provided detailed information regarding an existing encumbrance on 12,472,807 shares, representing 0.64% of its total share capital. The shares are pledged as security for a loan facility with Deutsche Bank AG, Hong Kong Branch. Additionally, the company disclosed the execution of a new facility agreement with various lenders, including MUFG Bank and Standard Chartered Bank, with Deutsche Bank AG acting as the security agent.
Encumbrance Details
ACC Limited has disclosed details concerning an encumbrance affecting a significant portion of its shares. Specifically, 12,472,807 shares, which constitute 0.64% of the company’s total share capital, are currently encumbered. The name of the entity in whose favour these shares are encumbered is Deutsche Bank AG, Hong Kong Branch. This encumbrance is related to a facility where Deutsche Bank AG, Hong Kong Branch is acting as the security agent.
New Facility Agreement
Further, ACC Limited has entered into a new facility agreement. The original facilities were availed by Endeavour, including its successors and permitted transferees, with the loan being serviced by Deutsche Bank AG, Hong Kong Branch as the security agent. The new facility has also been availed by Endeavour, including its successors and permitted transferees, with Deutsche Bank AG, Hong Kong Branch continuing to act as the security agent. The new facility agreement involves multiple lenders, including MUFG Bank, Ltd. (GIFT Branch), Standard Chartered Bank (Singapore) Limited, and others, for the purpose of raising money by listed company, schedule for utilisation of amount, repayment, schedule etc., or any other reason (to be specify).
Specifics of the Encumbrance
The existing encumbrance pertains to a loan facility valued at up to USD 1.375 billion. The ratio of A/B (Borrowed amount to be utilized for what purpose) is 0.05. The original facilities were availed by Endeavour including its successors in title, permitted assigns and permitted transferees to partly refinance/repay the Original Facilities. It may be noted that no pledge has been created over the shares of ACC Limited.
* This amount has been calculated taking into account the refinancing/ repayment of part of Original Facilities (availed by Endeavour which was previously disclosed under the disclosure made by ACCL on October 25, 2025 (“Original Facilities”)).
Source: BSE
