Mphasis Limited has announced that BCP Topco IX Pte. Ltd., a significant shareholder, has created an encumbrance over 58,299,642 equity shares. This pledge, representing 30.55% of the company’s total share capital, serves as security for term loan facilities availed by the borrower under a facility agreement dated May 12, 2026. The security arrangements, which involve multiple financial institutions, became effective on May 15, 2026.
Details of Share Encumbrance
As per the latest corporate filing, BCP Topco IX Pte. Ltd. has formally pledged 58,299,642 equity shares of Mphasis Limited. This volume constitutes 30.55% of the total equity capital of the company. The encumbrance was established to secure term loan facilities granted to the borrower, with the pledge interest held for the benefit of the designated lenders.
Terms and Security Arrangements
The creation of this pledge is governed by a facility agreement signed on May 12, 2026, and an associated pledge agreement. The security arrangement is categorized as a first-ranking exclusive pledge, which officially came into effect on May 15, 2026. In addition to the pledge, the borrower has entered into specific covenants that act as further encumbrances for the benefit of the agent and security trustees involved in the facility.
Involved Financial Institutions
The facility agreement involves a consortium of major global financial institutions acting as lenders. The institutions include Citibank, N.A. (London Branch), Barclays Bank PLC, MUFG Bank, Ltd., The Hongkong and Shanghai Banking Corporation Limited, Morgan Stanley Bank, N.A., BNP Paribas (Hong Kong Branch), Deutsche Bank AG (Singapore Branch), J.P. Morgan Securities PLC, and Nomura Singapore Limited. These entities act through designated agents to manage the security interests related to these shares.
Source: BSE
