Catalyst Trusteeship Limited has reported the release of pledged equity shares in IndusInd Bank Limited. The disclosure, made under Regulation 29(2) of the SEBI Takeover Regulations, pertains to shares held by Catalyst Trusteeship Limited in its capacity as the security agent for Lenders to IndusInd Bank Limited. The release occurred on March 27, 2026, affecting 5,97,63,552 shares, representing 7.67% of the total voting capital, without changing the actual holding of the Pledgors.
Disclosure of Share Release Event
This notification serves as a formal disclosure regarding the Release of Shares pertaining to IndusInd Bank Limited, the Target Company (TC). The disclosure is made by Catalyst Trusteeship Limited, acting as the onshore security agent for the Lenders, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of the Transaction
The specific mode of this event was a Release of Shares, dated 27 March 2026 (date of Release of pledge). The acquisition/disposal figures detailed reflect the shares being released from encumbrance, meaning the transaction did not alter the beneficial holding of the acquirer or Persons Acting in Concert (PACs).
Pre- and Post-Event Shareholding Status
The disclosure confirms that before the event, the holding of the acquirer (Catalyst Trusteeship Limited acting for Lenders) included 5,97,63,552 shares under encumbrance (pledge/lien), equating to 7.67% of the total voting capital.
Similarly, after the event, the total holding, including encumbered shares, remains unchanged at 5,97,63,552 shares, constituting 7.67% of the total voting capital. The release action specifically targeted the shares currently classified as encumbered.
Total Capital Structure Context
The report confirms that the Equity share capital/total voting capital of the TC before and after the said acquisition/sale (release of pledge) was 77,90,75,972 paid up equity shares of INR 1 each. This baseline data is based on the shareholding pattern published on the BSE Ltd website for the quarter ended 30 September 2025.
Involved Parties
The parties involved in this filing are:
- Target Company: IndusInd Bank Limited
- Acquirer/Reporting Entity: Catalyst Trusteeship Limited acting as the onshore security agent for Lenders.
- Pledgor Name 1: IndusInd Bank Limited
- Pledgor Name 2: IndusInd International Holdings Ltd
Source: BSE
