Deutsche Bank AG, acting as Agent and Offshore Security Agent, has disclosed the creation of an encumbrance over equity shares of Aster DM Quality Care Limited. The encumbrance pertains to 258,952,574 equity shares, representing 29.71% of the target company’s total share capital, held by BCP Asia II TopCo IV Pte. Ltd. This action is in relation to a term loan facility secured under a facility agreement dated August 19, 2026.
Disclosure of Encumbrance on Aster DM Quality Care Shares
Deutsche Bank AG, Singapore Branch, in its capacity as the Agent and DB International Trust (Singapore) Limited as the Offshore Security Agent, has formally disclosed the creation of an encumbrance over a significant portion of the equity shares of Aster DM Quality Care Limited (formerly Aster DM Healthcare Limited). This disclosure is made pursuant to Regulation 29(1) read with Regulation 29(4) of the SEBI SAST Regulations.
Key Details of the Encumbrance
The encumbrance has been created over 258,952,574 equity shares of Aster DM Quality Care Limited, which constitute 29.71% of the total issued and paid-up share capital of the target company. These shares are held by BCP Asia II TopCo IV Pte. Ltd. (the “Borrower”). The encumbrance secures a term loan facility availed by the Borrower from a consortium of lenders under a facility agreement dated August 19, 2026. A pledge agreement, governed by Indian law and dated the same day, has established a first-ranking exclusive pledge over these shares in favour of the Onshore Security Agent for the benefit of the lenders.
Parties Involved and Transaction Framework
The transaction involves Deutsche Bank AG, Singapore Branch (Agent) and DB International Trust (Singapore) Limited (Offshore Security Agent) acting on behalf of the Lenders. The facility agreement also names Axis Trustee Services Limited as the Onshore Security Agent. The creation of this encumbrance, including the pledge and associated conditions, came into effect from August 19, 2026.
Pre- and Post-Encumbrance Holdings
Prior to this encumbrance, the Borrower held 258,952,574 equity shares. Post the creation of the encumbrance, the holding remains the same in terms of number of shares, but is now subject to the pledge and encumbrance conditions. DBX Advisors LLC, an entity related to Deutsche Bank, independently holds 545 equity shares of the Target Company. The total share capital of Aster DM Quality Care Limited before and after the acquisition is stated as 871,672,439 equity shares.
Source: BSE
