Pledge/Unpledge
Hector Asia Holdings II Pte.
Ltd. has created a non-disposal undertaking on 7.17 crore shares (~51.41% of total share capital) of HealthCare Global Enterprises Limited in favor of The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch.
This encumbrance is linked to a USD 223 million (approx. ₹1,906 Cr) offshore facility availed to finance the acquisition of these shares.
No actual pledge of shares has been created.
The Acquirer controls 62.46% of the company’s shares, with 82.3% of its holding subject to this undertaking.
This move signals the Acquirer’s commitment to the shares while securing funding for the acquisition.
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