NDR Warehousing Private Limited, the sponsor of NDR InvIT Trust, has informed the trust's investment manager, NDR InvIT Managers Private Limited, about the creation of an encumbrance (pledge) on its units in the trust. This information was disclosed to the National Stock Exchange of India (NSE) on July 16, 2024, in compliance with SEBI regulations.
The details of the pledge, including the number of units encumbered and the purpose of the pledge, are outlined in a communication received by NDR InvIT Managers from the sponsor on July 15, 2024.
While the specific reasons for the pledge have not been disclosed, it is common for sponsors of investment trusts to pledge their units to secure loans or for other financial purposes. The pledge does not necessarily indicate any financial distress for the sponsor or the trust itself.
However, as per SEBI regulations, any creation of encumbrance on units of an InvIT trust must be disclosed to the stock exchange to ensure transparency and protect the interests of investors.
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