Catalyst Trusteeship Limited, acting as security agent, has released 63,050,966 equity shares of Apollo Tyres Limited, constituting 9.93% of the paid-up share capital. These shares were previously pledged by Emerald Sage Investment Ltd for the benefit of certain lenders. The release occurred on November 17, 2025.
Release of Pledged Shares
Catalyst Trusteeship Limited, in its capacity as the security agent for lenders to Emerald Sage Investment Ltd, has executed the release of pledged equity shares of Apollo Tyres Limited. This transaction involves a substantial number of shares, impacting the overall equity structure.
Key Details of the Transaction
The release pertains to 63,050,966 equity shares, which accounts for 9.93% of Apollo Tyres’ paid-up share capital. The shares were released on November 17, 2025. Prior to this release, these shares were under encumbrance as a pledge in favor of Catalyst Trusteeship Limited, securing the interests of lenders associated with Emerald Sage Investment Ltd.
Impact on Shareholding
Following the release, the shareholding structure has been adjusted accordingly, removing the encumbrance on the specified shares. This action reflects a change in the underlying financial agreements and security arrangements involving Emerald Sage Investment Ltd and its lenders.
Source: BSE