Union (Mauritius) Holdings Limited has disclosed the creation of an encumbrance on its shares in Aster DM Quality Care Limited (formerly Aster DM Healthcare Limited). This disclosure, made on September 9, 2026, pertains to a non-disposal undertaking over 100% of its shareholding. The encumbrance was created to secure loan facilities availed by Union Investments Pvt Limited.
Disclosure of Share Encumbrance
Union (Mauritius) Holdings Limited has formally notified the stock exchanges and Aster DM Quality Care Limited (the Target Company) regarding the creation of an encumbrance on its shareholding. This disclosure is made in accordance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of the Encumbrance
The encumbrance involves a non-disposal undertaking over 100% of the shares held by Union (Mauritius) Holdings Limited in Aster DM Quality Care Limited. The date of reporting for this disclosure is September 9, 2026.
This encumbrance serves as collateral for loan facilities availed by Union Investments Pvt Limited (UIPL). Specifically, it secures a term loan of USD 160,000,000 (Facility A, increased from USD 145 Million) and an additional USD 50,000,000 (Facility B).
The shares were encumbered in favour of Catalyst Trusteeship Limited, acting as the Onshore Security Agent for Barclays Bank PLC and JPMorgan Chase Bank N.A., London Branch. The total value of shares on the date of agreement was approximately USD 207,798,985.08, with the amount involved being USD 160,000,000 and USD 50,000,000.
Purpose of Loans
Facility A, the increased indebtedness of UIPL, will be utilized towards general corporate purposes of the Borrower overseas. Facility B, the term loan of USD 50,000,000, is proposed to be utilized by UIPL for extending an inter-company loan to Union (Mauritius) Holdings Limited and for other purposes as permitted by the Lenders.
Source: BSE
