Axis Trustee Services Limited has released its encumbrance on 9,20,70,523 shares of Afcons Infrastructure Ltd. This release follows the full redemption of the associated debentures.
Goswami Infratech Private Limited pledged a 25.03% stake in Afcons Infrastructure Limited to secure ₹12,560.65 Crore in debt. This substantial encumbrance increases promoter leverage significantly.
Axis Trustee Services Limited, acting as a pledgee, disclosed an encumbrance over 25.03% stake in Afcons Infrastructure Limited. This non-promoter pledge creation follows the release of locked-in shares.