Loans are given against Shares of the listed/Unlisted companies are pledged with Trustee. Listed shares are monitored on daily basis and reports are provided to borrower/lender along with various trigger mechanism provided in the transaction documents. Apart from Monitoring of listed shares, various other fiancial/non financial covenant are monitored and reported on regular basis. Default mechanism is in place for enforcement of shares as per the instruction of the lenders.

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Scope of Services

 

• Reviewing transaction documents and devising formats for monitoring reports in consultation with the Lenders;

• Holding the shares under pledge, assisting in filing necessary charge forms;

• Compliance with regulatory reporting under SAST Regulations as may be applicable;

• Monitoring of listed shares and providing reports on regular basis;

• Providing top-up notices on financial/non financial covenant;

• Issuing notices in case of defaults;

• Enforcement of Shares pledged in case of default and as per the instruction of the Lender;

• Servicing of interest and principal payments.