MEMG International India Private Limited has disclosed the creation of a pledge over 1,44,92,951 shares of Manipal Health Enterprises Limited. This action, executed on October 24, 2026, is part of a broader debenture issuance and represents an encumbrance of 1.09% of the target company’s share capital. The disclosure aligns with SEBI’s Takeover Regulations, providing transparency on promoter group holdings.
Encumbrance Disclosure by MEMG International India Private Limited
MEMG International India Private Limited, an entity within the promoter group, has officially reported the creation of a pledge over a significant block of shares in Manipal Health Enterprises Limited. This disclosure is made in accordance with Regulation 31(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of the Encumbrance
The newly created pledge encompasses 1,44,92,951 equity shares of Manipal Health Enterprises Limited. The pledge was formalized on October 24, 2026, and is in favour of Vistra ITCL (India) Limited, acting as the debenture trustee. This encumbrance constitutes 1.09% of the total share capital of Manipal Health Enterprises Limited on a fully diluted basis.
It is noted that certain covenants in the nature of encumbrance were already subsisting on these shares prior to this pledge. The current pledge is on shares already held by MEMG International India Private Limited, and does not involve any additional shares.
Context of the Pledge
The pledge is associated with the issuance of non-convertible debentures (NCDs) aggregating up to INR 500,00,00,000 by Claypond Capital Partners Private Limited, with Vistra ITCL (India) Limited serving as the debenture trustee. The details of the debenture holders and related agreements are provided in the annexures to this disclosure.
The disclosure also highlights previous encumbrances on shares held by other promoter and promoter group entities, including non-disposal undertakings and pledges. The total promoter shareholding in Manipal Health Enterprises Limited is 36,90,38,332 shares, representing 27.70% of the total share capital on a fully diluted basis.
Source: BSE
