Shareholding5 May 2026, 01:58 pm
Nirlon: CSCGlobal Encumbers 12.15% Shares Under Takeover Code
AI Summary
CSCGlobal Capital Markets (Singapore) Pte. Ltd., acting as facility agent and security agent for Barclays Bank PLC, disclosed encumbrance of 10,945,558 equity shares of Nirlon Ltd, representing 12.15% of the total share capital, under Regulation 29(2) of SEBI's Takeover Code. This encumbrance is pursuant to an amended facilities agreement and a share security agreement, where BSREP IV FPI Two Holdings (DIFC) Limited (the Borrower) has agreed to certain covenants regarding its equity shares in Nirlon. The disclosure was made to BSE and NSE on May 5, 2026.
Key Highlights
- CSCGlobal encumbers 12.15% of Nirlon's shares as facility and security agent.
- Encumbrance is under Regulation 29(2) of SEBI Takeover Code.
- The Borrower, BSREP IV FPI Two Holdings, owns 10,945,558 Nirlon shares.
- Shares are encumbered under amended facilities agreement dated April 30, 2026.
- Security right created in favor of Barclays Bank PLC.
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