BSEInsider Trading / SAST2d ago · 18 Aug 2026, 11:29 am
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deutsche Bank AG
Piramal Pharma Ltd · 543635
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Piramal Pharma Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Deutsche Bank AG, Hong Kong Branch, regarding the release of encumbrance over 98,400,000 equity shares of Piramal Pharma Ltd, constituting 7.39% of the total issued and paid-up share capital of the company.
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Piramal Pharma Ltd - 543635 - 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
17 August 2026
1. Department of Corporate Services,
BSE Limited
Floor 25, P J Towers,
Dalal Street,
Mumbai - 400 001
2. National Stock Exchange of lndia Limited
Exchange Plaza,
Bandra Kurla Complex, Bandra (E),
Mumbai - 400 051
3. CC: Piramal Pharma Limited
Ground Floor, Piramal Ananta, Agastya Corporate Park, Kamani Junction,
LBS Marg, Kurla (West), Mumbai, Maharashtra – 400070
Sub: Disclosure under Regulation 29(2) of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Dear Sir/Ma’am,
We write in our capacity as pledgee for the Pledged Shares (as defined below) of Piramal Pharma
Limited pledged in our favour by CA Alchemy Investments.
Enclosed is a disclosure by Deutsche Bank AG, Mumbai Branch (“Onshore Security Agent”) under
Regulation 29 (2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares
and Takeovers) Regulations, 2011 (the “Takeover Code”). This disclosure is in addition to our
disclosure dated 30 May 2024 under Regulation 29(2) of the Takeover Code (“Earlier Disclosure”).
In the Earlier Disclosure, we Deutsche Bank AG, Mumbai Branch acting in our capacity as the
onshore security agent in respect of the Facility (as defined in the Earlier Disclosure), made a
disclosure in respect of the encumbrance by way of pledge over the 238,663,700 equity shares of
the issued and paid-up share capital of Piramal Pharma Limited (“Target Company”) constituting
17.93% of the issued and paid-up share capital (on a fully diluted basis) and 18.01% of the total
voting capital of the Target Company.
Pursuant to clause 23.7(c) (Disposals) of the Facility Agreement (as defined in the Earlier
Disclosure), the Borrower proposes to undertake a ‘Permitted Sale Transaction’ (as defined in the
Facility Agreement). Accordingly, the Onshore Security Agent has released 98,400,000 equity
Chairman of the Supervisory Board: Alexander R. Wynaendts
Management Board: Christian Sewing (Chairman), James von Moltke, Fabrizio Campelli, Marcus Chromik, Bernd Leukert, Alexander von zur Mühlen, Laura Padovani,
Claudio de Sanctis, Rebecca Short
Deutsche Bank Aktiengesellschaft domiciled in Frankfurt am Main; Local Court of Frankfurt am Main, HRB No 30 000; VAT ID No DE114103379; www.db.com
Deutsche Bank
shares of the issued and paid-up share capital of the Target Company, constituting 7.39% of the
total issued and paid-up share capital of the Target Company (on a fully diluted basis) and 7.43% of
the total voting capital of the Target Company (“Released Shares”). After such release, the Onshore
Security Agent continues to hold a pledge over 140,263,700 equity shares of the issued and paid-
up share capital of the Target Company constituting 10.54 % of the issued and paid-up share capital
(on a fully diluted basis) and 10.59% of the total voting capital of the Target Company (“Pledged
Shares”).
This disclosure is being made by the Onshore Security Agent in respect of release of encumbrance
over the Released Shares.
We also wish to clarify that as at the date of this disclosure, we do not hold any beneficial interest in
the Pledged Shares and the Pledged Shares have been pledged in our favour in our capacity as
pledgee.
We request you to take the same on record and acknowledge the same.
Signature of Authorised Signatory
Name: RAMANATHAPURA, Prasanna Venkatesha Murthy Manu
Designation: Vice President
Place: Deutsche Bank AG, Hong Kong Branch
Date: 17 August 2026
Chairman of the Supervisory Board: Alexander R. Wynaendts
Management Board: Christian Sewing (Chairman), James von Moltke, Fabrizio Campelli, Marcus Chromik, Bernd Leukert, Alexander von zur Mühlen, Laura Padovani,
Claudio de Sanctis, Rebecca Short
Deutsche Bank Aktiengesellschaft domiciled in Frankfurt am Main; Local Court of Frankfurt am Main, HRB No 30 000; VAT ID No DE114103379; www.db.com
Disclosure under Regulation 29(2) of SEBl (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011
Name of the Target Company Piramal Pharma Limited
(TC)
Name(s) of the acquirer and Deutsche Bank AG, Mumbai Branch acting in its capacity as
Persons Acting in Concert (PAC) the onshore security agent for Lenders (as defined in the
with the acquirer Earlier Disclosure) to CA Alchemy Investments under the
Facility Agreement (as defined in the Earlier Disclosure)
Deutsche Bank AG, Singapore Branch
DBX Advisors LLC
Whether the acquirer belongs to No
Promoter/Promoter group
Name(s) of the Stock BSE Limited and National Stock Exchange of India Limited
Exchange(s) where the shares of
TC are Listed
% w .r.t. total
% w.r.t. total
diluted
share/voting
Details of the acquisition as
share/voting
Number
capital
follows
capital of the
wherever
applicable(*)
(**)
Before the acquisition under 1,317 0.00% of 0.00% of
consideration, holding of: total total
share capital share capital
/ 0.00% of / 0.00% of
(a) Shares carrying voting voting capital voting capital
rights # #
(b) Shares in the nature of 238,663,700# 17.93% of 17.93% of
encumbrance (pledge/ total total
lien/ non-disposal share capital share capital
undertaking/ others) / 18.01% of / 18.01% of
voting capital voting capital
(c) Voting rights (VR) Nil Nil Nil
otherwise than by shares
(d) Warrants/convertible Nil Nil Nil
securities/any other
instrument that entitles
the acquirer to receive
shares carrying voting
rights in the TC (specify
holding in each category)
(e) Total (a+b+c+d) 238,665,017# 17.93% of 17.93% of
total total
share capital share capital
/ 18.01% of / 18.01% of
voting capital voting capital
Details of acquisition Nil Nil Nil
(a) Shares carrying voting
rights acquired / sold
(b) VRs acquired otherwise Nil Nil Nil
than by shares
(c) Warrants/convertible Nil Nil Nil
securities/any other
instrument that entitles
the acquirer to receive
shares carrying voting
rights in the TC (specify
holding in each category)
acquired/ sold
(d) Shares encumbered/ 98,400,000# 7.39% of 7.39% of
invoked/ released by the total total
acquirer (See Note #) share capital share capital
/ 7.43% of / 7.43% of
voting capital voting capital
(e) Total (a+b+c+/-d) 98,400,000# 7.39% of 7.39% of
total total
share capital share capital
/ 7.43% of / 7.43% of
voting capital voting capital
After the acquisition/ sale, 1,317 0.00% of 0.00% of
holding of: total total
share capital share capital
(a) Shares carrying voting
/ 0.00% of / 0.00% of
rights
voting capital voting capital
(b) Shares encumbered with the 238,663,700# 17.93% of 17.93% of
acquirer total total
share capital share capital
/ 18.01% of / 18.01% of
voting capital voting capital
(b) VRs otherwise than by Nil Nil Nil
shares
(c) Warrants/convertible Nil Nil Nil
securities/any other
instrument that entitles
the acquirer to receive
shares carrying voting
rights in the TC (specify
holding in each category)
after acquisition
(d) Total (a+b+c+d) 238,665,017# 17.93% of 17.93% of
total total
share capital share capital
/ 18.01% of / 18.01% of
voting capital voting capital
Mode of acquisition (e.g. open Release of encumbrance. Please see note # below.
market/ off-market/public
issue/rights issue/preferential
allotment/inter se transfer/ etc.)
Date of acquisition/ sale of shares 13 August 2026 (date of release of encumbrance)
/ VR or date of receipt of
intimation of allotment of shares,
whichever is applicable.
Equity share capital / total voting 1,331,348,130 shares/ 1,325,018,448 voting shares of INR
capital of the TC before the said 10 each
acquisition / sale
Equity share capital/ total voting 1,331,348,130 shares/ 1,325,018,448 voting shares of INR
capital of the TC after the said 10 each
acquisition / sale
Total diluted share/voting capital 1,331,348,130 shares/ 1,325,018,448 voting shares of INR
of the TC after the said acquisition 10 each
Note-#
1. This disclosure is in addition to our disclosure dated 30 May 2024 under Regulation 29(2)
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