MEMG International India Private Limited, an entity within the promoter group of Manipal Health Enterprises Limited, has created a pledge over 1,44,92,951 equity shares. This action is part of a larger encumbrance strategy involving debentures issued by Claypond Capital Partners Private Limited. The pledge, dated October 24, 2026, signifies a potential financing arrangement and impacts the promoter group’s direct shareholding in the target company.
MEMG International India Creates Share Pledge
MEMG International India Private Limited, identified as an entity within the promoter group of Manipal Health Enterprises Limited, has officially created a pledge over its shares. The disclosure, dated October 30, 2026, confirms the creation of a pledge involving 1,44,92,951 equity shares of the Target Company.
Details of the Encumbrance
The pledge was created on October 24, 2026, in favor of Vistra ITCL (India) Limited, acting as the debenture trustee. This encumbrance is linked to Non-Convertible Debentures (NCDs) issued by Claypond Capital Partners Private Limited, aggregating up to INR 50,00,00,000. Certain covenants related to these NCDs were already in nature of encumbrance on shares, with this pledge being an additional step on the same shares held by MEMGIIPL.
The number of shares pledged represents 1.09% of the Target Company’s total share capital on a fully diluted basis. This action is part of a broader set of encumbrances and covenants impacting the promoter and promoter group’s shareholding, as detailed in various disclosures dating back to August 2026.
Scope of Encumbrances
The document also outlines previous encumbrances, including non-disposal undertakings and pledges by other entities within the promoter group, such as Manipal Global Health Services and Cypress Holdings. These cumulative encumbrances affect a significant portion of the promoter and promoter group’s holdings in Manipal Health Enterprises Limited.
Specific entities involved in other related encumbrances include Manipal Education and Medical Group India Private Limited and Manipal Research & Management Services International. The debenture holders for the NCDs include entities like 360 ONE PRIME LIMITED and SAK INDUSTRIES PRIVATE LIMITED.
Source: BSE
