Mphasis Ltd

🔍 Mphasis Ltd Revises Share Encumbrances for $550M Refinancing

- Promoters revised share encumbrance disclosure under SEBI's SAST Regulations.

- Refinancing involves releasing old encumbrances and creating new ones for a $550M loan.

- Original 2021 encumbrance was under a $1.1B facility agreement with DB International Trust (Singapore).

- New 2026 facility includes lenders Citibank, Barclays, and MUFG Bank.

- Proceeds will be used for debt repayment, dividends, and fees—no impact on shareholding.

- Encumbered shares: 58.3M (30.55% of total share capital).

- Security cover ratio: 2.302% as of May 15, 2026.

- Disclosure made to BSE & NSE on May 26, 2026.