Deutsche Bank Group has announced the successful release of an encumbrance over 58,299,642 equity shares of Mphasis Limited, representing 30.55% of the total share capital. This action follows the full repayment of a USD 1.1 billion term loan facility on May 15, 2026. The debt was originally secured through a share pledge created by the parent company in July 2021.
Completion of Loan Repayment
The 2021 Facility, a term loan of up to USD 1,100,000,000, has been fully repaid by the borrower as of May 15, 2026. This repayment marks the conclusion of the credit agreement, which had been in place since July 1, 2021, and successfully settles all financial obligations tied to the associated encumbrance.
Impact on Shareholding
As a result of the debt discharge, the existing encumbrance, which functioned as an indirect security over the equity shares of Mphasis Limited, has been officially released. The shares involved in this arrangement—58,299,642 equity shares—constitute 30.55% of the target company’s total share capital. The company’s total equity base consists of 190,819,570 shares, with a total diluted share capital of 192,708,283 shares.
Security Background
The security structure involved a share pledge over 100% of the borrower’s shares held by its parent company. While there was no direct pledge over the equity shares of Mphasis Limited, specific covenants within the 2021 Facility Agreement acted as an indirect encumbrance. With the final settlement on May 15, 2026, these obligations have been extinguished, clearing the path for the release of the collateral.
Source: BSE
