BSEInsider Trading / SAST1d ago · 24 Oct 2026, 11:14 am
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deutsche Bank AG & Others
Ambuja Cements Ltd · 500425
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Ambuja Cements Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, related to Deutsche Bank AG & Others. The disclosure pertains to the encumbrance over certain equity shares of Ambuja Cements Limited for the benefit of certain lenders and other finance parties. The acquisition details show that the lenders have a holding of 66.94% in the company, with 885,189 shares carrying voting rights.
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Ambuja Cements Ltd - 500425 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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Deutsche Bank
Deutsche Bank AG, Hong Kong Branch
Level 60
International Commerce Centre
1 Austin Road West
Kowloon, Hong Kong SAR
Date: 23 Oct 2026
BSE Limited National Stock Exchange of Ambuja Cements Limited
25th Floor, P. J. Towers, Dalal India Limited Adani Corporate House,
Street, Mumbai, Maharashtra – Exchange Plaza, C-1, Block G. Shantigram, Near Vaishnav Devi
400001, India Bandra Kurla Complex, Bandra, Circle, S. G. Highway, Khodiyar
East, Mumbai, Maharashtra – Ahmedabad, Gujarat 382421,
400051, India India
Dear Sir/ Madam,
Sub: Disclosure pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011 in relation to Ambuja Cements Limited
As you would note, we had made disclosures on 25 October 2023, 27 August 2024 and 30 September
2024 under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011 in relation to certain facilities availed by Endeavour Trade and Investment Ltd pursuant
to the facilities agreement dated 20 October 2023 entered into, inter alia, between (a) Endeavour Trade
and Investment Ltd (as the borrower) (“Endeavour”), (b) the lenders thereunder, (c) Deutsche Bank AG,
Hong Kong Branch (as agent) and (d) Deutsche Bank AG, Hong Kong Branch (as security agent) , as may
be amended, novated, supplemented, extended or restated from time to time (“Original Facilities
Agreement”), as more particularly described therein as well as under Annexure A hereto.
Endeavour has now entered into a facility agreement dated 21 October 2026, the proceeds from which will
be used, inter alia, to refinance and repay one of the facilities availed under the Original Facilities Agreement
(being the “Original Facility C”), as more particularly set out in Annexure A hereto.
In light of the foregoing, pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares
and Takeovers) Regulations, 2011, please find attached the disclosure (as set out in Annexure A) in
respect of the encumbrance over certain equity shares of Ambuja Cements Limited for the benefit of certain
lenders and other finance parties, as described in Annexure A.
Signature of Authorised Signatory
Chairman of the Supervisory Board: Alexander R. Wynaendts
Management Board: Christian Sewing (Chairman), Fabrizio Campelli, Raja Akram, Marcus Chromik, Marie-Jeanne Deverdun, Stefan Hoops, Alexander von zur Mühlen, Laura Padovani, Claudio
de Sanctis, Rebecca Short
Deutsche Bank Aktiengesellschaft domiciled in Local Court of Frankfurt am Main, HRB No 30 000; VAT ID No DE114103379; www.db.com
Frankfurt am Main (incorporated in the Federal Republic of Germany and members’ liability is limited);
Deutsche Bank
Name: RAMANATHAPURA, Prasanna Venkatesha Murthy Manu
Designation: Vice President
Place: Deutsche Bank AG, Hong Kong Branch
Date: 23 October 2026
Chairman of the Supervisory Board: Alexander R. Wynaendts
Management Board: Christian Sewing (Chairman), Fabrizio Campelli, Raja Akram, Marcus Chromik, Marie-Jeanne Deverdun, Stefan Hoops, Alexander von zur Mühlen, Laura Padovani, Claudio
de Sanctis, Rebecca Short
Deutsche Bank Aktiengesellschaft domiciled in Local Court of Frankfurt am Main, HRB No 30 000; VAT ID No DE114103379; www.db.com
Frankfurt am Main (incorporated in the Federal Republic of Germany and members’ liability is limited);
Deutsche Bank
Annexure A
Disclosures under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011
Name of the Target Company (TC) Ambuja Cements Limited
Name(s) of the acquirer and Persons Acting in Deutsche Bank AG, Hong Kong Branch (as security
Concert (PAC) with the acquirer agent)
DWS Investments UK Limited
DWS International GmbH
DBX Advisors LLC
Whether the acquirer belongs to Promoter/ No
Promoter group
Name(s) of the Stock Exchange(s) where the BSE Limited
shares of TC are Listed National Stock Exchange of India Limited
Details of the acquisition/ disposal as follows Number % w.r.t. total % w.r.t. total
share/ voting diluted share/
capital voting capital of
wherever the TC (**)
applicable (*)
Before the acquisition under consideration,
holding of:
a) Share carrying voting rights 885,189 0.04 0.04
b) Shares in the nature of encumbrance
(pledge/ lien/ non-disposal 1,663,381,052 66.94 66.94
undertaking/others)
c) Voting rights (VR) otherwise than by
shares NIL NIL NIL
d) Warrants/convertible securities/any other
instrument that entitles the acquirer to
receive shares carrying voting rights in the NIL NIL NIL
TC (specify holding in each category)
e) Total (a+b+c+d) 1,664,266,241 66.98 66.98
Details of acquisition/ sale:
a) Shares carrying voting rights acquired/ NIL NIL NIL
sold
b) VRs acquired/ sold otherwise than by NIL NIL NIL
shares
c) Warrants/ convertible securities/ any other
instrument that entitles the acquirer to NIL NIL NIL
receive shares carrying voting rights in the
TC (specify holding in each category)
acquired/ sold
d) Shares encumbered/ involved/ released NIL NIL NIL
by the acquirer
e) Total (a+b+c+/-d) NIL NIL NIL
After the acquisition/ sale, holding of:
a) Shares carrying voting rights 885,189 0.04 0.04
b) Shares encumbered with the acquirer
c) VRs otherwise than by shares 1,663,381,052 66.94 66.94
Chairman of the Supervisory Board: Alexander R. Wynaendts
Management Board: Christian Sewing (Chairman), Fabrizio Campelli, Raja Akram, Marcus Chromik, Marie-Jeanne Deverdun, Stefan Hoops, Alexander von zur Mühlen, Laura Padovani, Claudio
de Sanctis, Rebecca Short
Deutsche Bank Aktiengesellschaft domiciled in Local Court of Frankfurt am Main, HRB No 30 000; VAT ID No DE114103379; www.db.com
Frankfurt am Main (incorporated in the Federal Republic of Germany and members’ liability is limited);
Deutsche Bank
d) Warrants/convertible securities/any other NIL NIL NIL
instrument that entitles the acquirer to
receive shares carrying voting rights in the
TC (specify holding in each category) after NIL NIL NIL
acquisition
e) Total (a+b+c+d)
1,664,266,241 66.98 66.98
Mode of acquisition/ sale (e.g. open market / off- See notes below
market/ public issue / rights issue / preferential
allotment / inter-se transfer/encumbrance, etc.)
Date of acquisition of/ sale of shares / VR or date 21 October 2026
of receipt of intimation of allotment of shares,
whichever is applicable
Equity share capital / total voting capital of the TC 2,484,817,186 equity shares of INR 2 each
before the said acquisition/ sale
Equity share capital/ total voting capital of the TC 2,484,817,186 equity shares of INR 2 each
after the said acquisition/ sale
Total diluted share/voting capital of the TC after 2,484,817,186 equity shares of INR 2 each
the said acquisition
Note 1:
Certain financial indebtedness was availed by Endeavour Trade and Investment Ltd. (“Original Facilities”)
pursuant to the terms and conditions set out in the facilities agreement dated 20 October 2023 entered into,
inter alia, between (a) borrower, (b) the lenders thereunder, (c) Deutsche Bank AG, Hong Kong Branch (as
agent) and (d) Deutsche Bank AG, Hong Kong Branch (as security agent), as may be amended, novated,
supplemented, extended or restated from time to time (“Original Facilities Agreement”).
As also disclosed in the previous disclosure dated 25 October 2023, 27 August 2024 and 30 September
2024, a charge over 100% of the shares in Endeavour Trade and Investment Ltd (“Endeavour”) was
created by Xcent Trade and Investment Ltd (“Xcent”) in favour of Deutsche Bank AG, Hong Kong Branch
(as the security agent). Further, Endeavour created a charge over 100% shares of Holderind Investments
Ltd. (“Holderind”) in favour of Deutsche Bank AG, Hong Kong Branch (as the security agent) . Furthermore,
Xcent created a charge over 100% shares of Harmonia Trade and Investment Ltd (“Harmonia”) in favour
of Deutsche Bank AG, Hong Kong Branch (as the security agent).
As on date, Endeavour holds 702,442 shares in TC, Holderind holds 1,185,200,361 shares in TC and
Harmonia holds 477,478,249 shar
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