Aster DM Healthcare promoter encumbers shares for loan facility
Union Investments Private Limited (UIPL), a promoter of Aster DM Healthcare, has encumbered 8,509,6820 shares, representing 45.54% of its promoter shareholding. This encumbrance serves as collateral for a USD 145 million term loan facility availed by UIPL. The collateral is for a Barclays Bank PLC, London Branch, The Hongkong and Shanghai Banking Corporation and JPMorgan Chase Bank, N.A., London Branch loan. The shares in question are valued at USD 408 million. The facility will be used to pay back previous loans from other financial institutions. Following the encumbrance, UIPL continues to hold 186,853,810 shares or 37.41% of Aster DM Healthcare's total share capital.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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