GLAS Trust (Singapore) Ltd, acting as an offshore security agent, has disclosed an indirect encumbrance over 86,317,533 equity shares of Aster DM Quality Care Limited. This disclosure, made under SEBI’s Takeover Regulations, follows a merger and relates to shares held by the Borrower, Centella Mauritius Holdings Limited, in the newly formed entity. The encumbered shares represent approximately 9.90% of the issued and paid-up share capital of the Target Company.
Key Shareholder Disclosure Filed
GLAS Trust (Singapore) Ltd, acting as the offshore security agent for certain lenders to Centella Mauritius Holdings Limited, has formally disclosed an indirect encumbrance affecting shares of Aster DM Quality Care Limited. This disclosure is made in accordance with Regulation 29(1) and 29(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the “Takeover Code”).
Details of the Encumbrance
The disclosure relates to a facility agreement dated 23 February 2026, where Centella Mauritius Holdings Limited acted as the Borrower. Prior to the recent merger, the Borrower held approximately 0.9% of Aster DM Healthcare Limited and 21.94% of Quality Care India Limited. Following the merger between Aster DM Healthcare Limited and Quality Care India Limited, the Borrower now holds 86,317,533 equity shares in the resultant entity, Aster DM Quality Care Limited (the “Target Company”). This holding constitutes approximately 9.90% of the issued and paid-up share capital of the Target Company.
This encumbrance has been created over the shares held by Centella Holdco Limited, the shareholder of the Borrower, in favour of the Offshore Security Agent. The security interest was established through a borrower share charge dated 4 March 2026.
Shareholding and Capital Figures
Before the acquisition under consideration, the acquirer, GLAS Trust (Singapore) Ltd, held no shares carrying voting rights or shares in the nature of encumbrance. However, following the allotment of equity shares and the commencement of trading on 17 August 2026, the indirect encumbrance was created over 86,317,533 equity shares of the Target Company held by the Borrower. The total share capital of the Target Company before the said acquisition was 518,121,029 paid-up equity shares of INR 10 each. After the acquisition, the equity share capital stands at 871,672,439 paid-up equity shares of INR 10 each, with the total diluted share/voting capital also at 871,672,439 paid-up equity shares of INR 10 each.
Source: BSE
