IL&FS Transportation Networks Limited — Others, 29-06-2025: Disclosure under SEBI Takeover Regulations
29-06-2025 | 08:14 pm
29-06-2025 | 08:14 pm
IL&FS Transportation Networks Limited confirms no new encumbrances on its shares beyond those already disclosed during the financial year. IL&FS, as a promoter, had pledged shares held by it (excluding those by IL&FS Financial Services Limited) in ITNL as security for debenture trustees back in FY 2013-14 to protect debenture holders' interests. This security forms part of a larger asset pool and carries a lien but is not recorded as a pledge in depository records since it’s not treated as a loan against securities. This maintains transparency on share encumbrances important for stakeholder confidence.
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