MEMG International India Private Limited, a promoter group entity, has disclosed the release of pledges on a substantial portion of its shareholding in Manipal Health Enterprises Limited. This action, pertaining to 1,44,92,951 shares, signifies a change in the encumbrance status of shares held by the promoter group. The disclosure was made on October 29, 2026, in compliance with relevant regulations.
Disclosure on Share Pledges
Manipal Health Enterprises Limited has received a disclosure from its promoter group entity, MEMG International India Private Limited. The announcement details the release of encumbrances on shares held by the promoter group, a key event impacting the ownership structure and pledged holdings within the company. This disclosure is made in accordance with Regulation 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of Encumbrance Release
According to the disclosure filed on October 29, 2026, MEMG International India Private Limited has released pledges on a significant number of shares. Specifically, pledges on 72,50,000 shares, previously made in favor of Vistra ITCL (India) Limited for debentures issued by Claypond Capital Partners Private Limited, have been released. Additionally, pledges on 72,42,951 shares, made in favor of 360 One Prime Limited to secure a facility for Manipal Education and Medical Group India Private Limited, have also been released. While the release of these specific pledges is confirmed, the disclosure notes that certain covenants in the nature of encumbrance remain subsisting, with no new encumbrances created beyond those previously disclosed.
Promoter Group Holdings
The disclosure also provides a snapshot of the promoter group’s holdings post-release. For MEMG International India Private Limited, the post-event holding of shares is 21,47,755 shares, representing 17.43% of the total share capital. Other promoter group entities, including MEMG International Ltd., Dr. Ranjan Ramdas Pai, Cypress Holdings S, and Manipal Education and Medical Group India Private Limited, also have their shareholdings and encumbrance statuses detailed in the filing.
Source: BSE
