CA Magnum Holdings, a promoter of Hexaware Technologies, has encumbered 74.55% of the company’s total share capital. The encumbrance, effective from November 17, 2025, is to secure facilities under an amended agreement. The funds will be used to refinance existing financial indebtedness. The Hongkong and Shanghai Banking Corporation Limited is the security agent.
Promoter Share Encumbrance
CA Magnum Holdings, a promoter group entity of Hexaware Technologies, has created an encumbrance on its shares. This involves 45,39,88,884 shares, representing 74.55% of the total share capital.
Details of Encumbrance
The encumbrance was created on November 17, 2025. A Mauritian law fixed charge will be created on 100% of the existing issued share capital and a Mauritian law floating charge will be created on 100% of the future issued share capital held by the HoldCo in the Promoter.
The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, serves as the Offshore Security Agent for the benefit of Secured Parties.
Reason for Encumbrance
The funds are designated for refinancing the existing financial indebtedness, as per the Amended and Restated Facilities Agreement. The borrowed amount is equivalent to US$ 1,255,000,000 or INR 11,123 crores. This represents a security cover of 35%.
Source: BSE