Hexaware Technologies announced a pledge of equity shares by CA Magnum Holdings. A Mauritian law fixed and floating charge will be applied to the shares held by CA Silkie Investments in CA Magnum Holdings. This action is in favor of The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, acting as the offshore security agent. The announcement was made on November 24, 2025.
Pledge of Equity Shares
A pledge has been initiated on the equity shares of Hexaware Technologies. This involves a Mauritian law fixed and floating charge over shares of CA Magnum Holdings. The charge will be applied to equity shares held by CA Silkie Investments in CA Magnum Holdings.
Details of the Arrangement
The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, is acting as the offshore security agent. This is for the benefit of the Secured Parties. It secures the Secured Obligations as defined in the Share Charge Agreement and Amended and Restated Facilities Agreement. The date of the share charge agreement is November 18, 2025. The effective date of the provisions of the Amended and Restated Facilities Agreement is November 17, 2025.
Key Entities Involved
- CA Magnum Holdings
- CA Silkie Investments
- The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch
Impact on Share Capital
The total equity share capital before and after the acquisition/sale remains at 60,90,06,992 equity shares of Rs. 1 each. Total shares in the nature of encumbrance (pledge/lien/non-disposal undertaking/ others) is 45,39,88,884, representing 74.55% of the total share/voting capital.
Source: BSE