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INDIAN HUME PIPE CO.LTD. - Intimation Under Regulation 30 Read With Schedule Ll For Signing A Definitive Pledge Agreement For A Pledge Of Equity Shares Held By M/S. IHP Finvest Limited (Holding Company) In The Company, For Substitution And Release Of 2D Charge Of The Equitable Mortgage On The Company''s Vadgaon Land, Pune As Collateral Security, From Time To Time And Subsequent Release/Revocation, For Securing Working Capital Loans Availed By The Company From Its Consortium Of Bankers.
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08 Dec 2021
In continuation of the earlier intimation dated 9th November 2021 under Regulation 30 of the SEBI (LODR) Regulations, 2015, we further wish to intimate that M/s. IHP Finvest Ltd., the Holding Company of the Company (Pledgor) and the Company (Borrower) and SBICAP Trustee Company Limited (Security Trustee) acting on behalf of Consortium of Banks led by State Bank of India (Lenders of the Company) have signed the Pledge agreement on 8h December 2021.&lt;BR&gt; &lt;BR&gt; The proposed creation of a pledge of about 90,86,504 of equity shares held by the Holding Company in the Company of the value of Rs.187.50 Crores, will be in favour of $BICAP Trustee Company Ltd. (Security Trustee) acting on behalf of the Consortium of Banks (Lenders of the Company) led by State Bank of India and other consortium member Banks. &lt;BR&gt; The said proposed creation of pledge of equity shares will be initiated upon creation of pledge in due course of time.&lt;BR&gt;
View all announcements for INDIAN HUME PIPE CO.LTD. Source: BSE India

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