PAGAC Ecstasy Pte. Ltd. has filed a disclosure regarding the creation of encumbrances over an additional 3,50,74,460 equity shares of Nuvama Wealth Management Limited. These shares, previously under a regulatory lock-in, are now pledged as security for overseas facilities availed by PAGAC Ecstasy. This action does not alter the total number of shares already encumbered by the promoter.
PAGAC Ecstasy Encumbers Additional Nuvama Wealth Shares
PAGAC Ecstasy Pte. Ltd., a promoter of Nuvama Wealth Management Limited (NWML), has officially disclosed the creation of new encumbrances on an additional 3,50,74,460 equity shares of NWML. This disclosure, made on November 3, 2026, is in accordance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
Details of the New Encumbrance
The newly encumbered shares were previously subject to a regulatory lock-in. Following the expiry of this lock-in period, these shares have now been pledged as security for overseas facilities obtained by PAGAC Ecstasy for its personal use. The date of creation for this specific encumbrance is recorded as October 30, 2026.
The company clarified that this creation of pledge will not result in an overall increase in the total number of equity shares of Nuvama Wealth Management Limited held by PAGAC Ecstasy that are under encumbrance. Previous disclosures regarding encumbrances were filed on December 20, 2024 and September 11, 2026.
Promoter Holding Details
PAGAC Ecstasy holds a total of 9,69,60,340 shares, representing 52.54% of the total share capital of Nuvama Wealth Management Limited. Following this latest disclosure, the entire holding of 9,69,60,340 shares, or 52.54% of the total paid-up equity share capital, remains encumbered.
Facility and Security Agent Information
The encumbrance is in favour of the Onshore Security Agent, Catalyst Trusteeship Limited, acting for the benefit of lenders and agents, including entities such as Deutsche Bank AG, Goldman Sachs International Bank, and J.P. Morgan Securities Plc. The aggregate amount availed under the Facility Agreement is up to USD 450,000,000 (approximately INR 42,86,21,40,000).
Source: BSE
