Deutsche Bank releases encumbrance on Jindal Stainless shares

Deutsche Bank AG, Singapore Branch, in its capacity as Security Agent, has announced the release of an indirect encumbrance on certain equity shares of Jindal Stainless Limited (BSE:JSL). The disclosure, made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, follows an earlier declaration on February 7, 2024, regarding an encumbrance related to a facility agreement involving JSL Overseas Holdings Limited. While the earlier disclosure mentioned 131,479,175 shares of Jindal Stainless being held with an indirect encumbrance, this declaration confirms the release of said encumbrance. After the release, the number of shares with the Security Agent with voting rights amounts to 398,672.