Wanbury Limited Secures Debt Refinancing, Releasing Significant Promoter Equity Pledge
Wanbury Limited has completed a significant refinancing of its existing debt facilities, leading to the release of a substantial pledge over the equity shares held by members of the Promoter Group. The company also announced that its borrowing cost will drop below 10% per annum starting July 1, 2026.The company secured new debt facilities through Axis Finance Limited and Poonawala Fincorp. As a result of this arrangement, the pledge created on the equity shares held by the Promoter Group is being released to the full extent previously held by Investec AIF and Tata Capital Limited.
Upon this transaction, 14,203,818 equity shares are set to be released from encumbrance and pledge soon. These shares represent 40.65% of the company's paid-up equity share capital and account for 94.51% of the Promoter Group's total holding.
The current pledged status of the Promoter Group’s holding is detailed below:
| Metric | Details |
|---|---|
| Total Equity Shares (Pledged & Released) | 14,203,818 shares |
| Percentage of Paid-up Capital | 40.65% |
| Percentage of Promoter Group's Holding | 94.51% |
| Remaining Pledged Portion | 5.49% (with SBM for working capital facilities) |
In connection with the refinancing, Wanbury Limited stated that the borrowing cost is expected to be below 10% per annum from July 1, 2026. This reduction in finance costs is anticipated to support the company’s profitability going forward.
WANBURY Stock Price Movement
Wanbury Limited shares are gaining as of 2:20 PM, edging higher to ₹280.05 after trading up 0.34%. The stock has seen significant volume today, with over 153,411 shares being traded in this live market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.