BSEInsider Trading / SAST5d ago · 26 Aug 2026, 05:21 pm
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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Deutsche Bank AG has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding the creation of an encumbrance over 98,400,000 equity shares of Piramal Pharma Limited, 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
26 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
(“Earlier Disclosure 1”) and 17 August 2026 (“Earlier Disclosure 2”) under Regulation 29(2) of the Takeover
Code.
In the Earlier Disclosure 1, 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 1), 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.
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 Frankfurt am Main (incorporated in the Federal Republic of Germany and members’ liability is limited);
Local Court of Frankfurt am Main, HRB No 30 000; VAT ID No DE114103379; www.db.com
In the Earlier Disclosure 2, 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 1), made a disclosure in respect Released
Shares (as defined in the Earlier Disclosure 2).
Now, the Borrower has re-created a pledge over 98,400,000 equity 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 (“Repledged Shares”).
After such re-creation of pledge, the Onshore Security Agent holds a pledge over 238,663,700 equity shares of
the issued and paid-up share capital of the 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 (“Pledged Shares”).
This disclosure is being made by the Onshore Security Agent in respect of creation of encumbrance over the
Repledged 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: 26 August 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 Frankfurt am Main (incorporated in the Federal Republic of Germany and members’ liability is limited);
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 (TC) Piramal Pharma Limited
Name(s) of the acquirer and Deutsche Bank AG, Mumbai Branch acting in its capacity as the onshore
Persons Acting in Concert (PAC) security agent for Lenders (as defined in the Earlier Disclosure) to CA
with the acquirer 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 Exchange(s) BSE Limited and National Stock Exchange of India Limited
where the shares of TC are Listed
% w.r.t. total % w .r.t. total diluted
Details of the acquisition as
share/voting share/voting
Number
follows
capital wherever capital of the TC
applicable(*) (**)
Before the acquisition under 1,317 0.00% of total 0.00% of total
consideration, holding of: share capital / share capital / 0.00%
0.00% of voting of voting capital #
capital #
(a) Shares carrying voting rights
(b) Shares in the nature of 238,663,700# 17.93% of total 17.93% of total
encumbrance (pledge/ share capital / share capital /
lien/ non-disposal 18.01% of 18.01% of voting
undertaking/ others) voting capital # capital #
(c) Voting rights (VR) otherwise Nil Nil Nil
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 total 17.93% of total
share capital / share capital /
18.01% of 18.01% of voting
voting capital # capital #
Details of acquisition Nil Nil Nil
(a) Shares carrying voting rights
acquired / sold
(b) VRs acquired otherwise than Nil Nil Nil
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/ invoked/ 98,400,000# 7.39% of total 7.39% of total
released by the acquirer share capital / share capital / 7.43%
7.43% of voting of voting capital
(See Note #)
capital
(e) Total (a+b+c+/-d) 98,400,000# 7.39% of total 7.39% of total
share capital / share capital / 7.43%
7.43% of voting of voting capital
capital
After the acquisition/ sale, 1,317 0.00% of total 0.00% of total
holding of: share capital / share capital / 0.00%
0.00% of voting of voting capital #
(a) Shares carrying voting rights
capital #
(b) Shares encumbered with the 238,663,700# 17.93% of total 17.93% of total
acquirer share capital / share capital /
18.01% of 18.01% of voting
voting capital # capital #
(b) VRs otherwise than by shares Nil Nil Nil
(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 total 17.93% of total
share capital / share capital /
18.01% of 18.01% of voting
voting capital # capital #
Mode of acquisition (e.g. open Creation 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 / 24 August 2026 (date of creation 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 10 each
capital of the TC before the said
acquisition / sale
Equity share capital/ total voting 1,331,348,130 shares/ 1,325,018,44
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