CA Magnum Holdings, a promoter of Hexaware Technologies, has created an encumbrance on its shares. A Mauritian law fixed charge will be created on 100% of the existing issued share capital and a floating charge will be created on 100% of future issued share capital held by CA Silkie Investments (HoldCo). This encumbrance is in favor of The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch. The provisions are effective from November 17, 2025.
Details of Encumbrance
CA Magnum Holdings (Promoter) has created an encumbrance on shares. The HoldCo, CA Silkie Investments, will have a Mauritian law fixed charge created on 100% of the existing issued share capital and a Mauritian law floating charge created on 100% of the future issued share capital. This is according to an agreement dated November 18, 2025.
Parties Involved
The encumbrance is in favor of The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, acting as the Offshore Security Agent. This is for the benefit of the Secured Parties, to secure Secured Obligations as defined in the Share Charge Agreement. Provisions are effective from November 17, 2025.
Purpose of Encumbrance
The facilities will be used for refinancing existing financial debts and making certain payments as per the Amended and Restated Facilities Agreement. The borrowed amount against the encumbered shares is US$ 1,255,000,000, equivalent to INR 11,123 crores, representing 35%.
Source: BSE
