Indian Hume Pipe Co. Ltd. Releases Shares from Pledge
MUMBAI – The Indian Hume Pipe Company Ltd. announced that all equity shares previously pledged in favor of SBICAP Trustee Company Limited by IHP Finvest Limited, a promoter holding company, have been released. The release of these shares secures working capital facilities extended to The Indian Hume Pipe Company Limited. Following the release, IHP Finvest Limited holds no outstanding pledged shares in The Indian Hume Pipe Company Limited.The total number of shares released was 1,16,94,995, representing approximately 22.20% of the company's total share capital. SBICAP Trustee Company Limited acted as the Pledgee for a consortium of banks led by State Bank of India, including Bank of Baroda, HDFC Bank Ltd., Union Bank of India, ICICI Bank Ltd., and Axis Bank Ltd.
As of March 25, 2026, IHP Finvest Limited held 3,56,04,145 equity shares, representing 67.58% of the total share capital.
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