Union (Mauritius) Holdings Limited has filed a disclosure regarding the creation of an indirect encumbrance over shares of Aster DM Quality Care Limited (formerly Aster DM Healthcare Limited). The encumbrance, created on August 24, 2026, involves 100% of UMHL’s shares pledged as collateral for loan facilities availed by UIPL. The disclosure is made in accordance with SEBI’s Takeover Code.
Disclosure of Share Encumbrance Filed
Union (Mauritius) Holdings Limited has formally disclosed the creation of an indirect encumbrance over its shareholding in Aster DM Quality Care Limited (formerly Aster DM Healthcare Limited), referred to as the “Target Company.” This disclosure is made as per Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of the Encumbrance
The encumbrance, categorized as a pledge, was created on August 24, 2026. The entity in whose favor the shares have been encumbered is DB Trustees (Hong Kong) Limited, acting as the Common Offshore Security Agent. This encumbrance secures loan facilities availed by UIPL (Investment Pvt Limited) from Barclays Bank PLC and J.P. Morgan Chase Bank, N.A., London Branch. Specifically, the encumbrance pertains to securing Facility A (USD 160,000,000) and Facility B (USD 50,000,000).
Promoter Shareholding Details
Union (Mauritius) Holdings Limited holds a total of 1,99,80,522 shares in Aster DM Quality Care Limited, representing 2.29% of the total share capital. The disclosure notes that while no new direct encumbrance was created by UMHL for these facilities, existing encumbrances related to previous indebtedness continue and will be released upon fulfillment of lender conditions. However, 100% of UMHL’s shares were pledged by individuals including Dr. Azad Moopen Mandayapurath, Ms. Alisha Moopen, Ms. Naseera Azad, Ms. Zeba Azad Moopen, and Ms. Ziham Moopen in favor of DB Trustees (Hong Kong) Limited to secure Facilities A and B.
Source: BSE
