Maple Infra Trust disclosed its unitholding pattern as on September 11, 2026, to the BSE following a significant change in ownership structure. The filing confirms the completion of a transfer involving 37.50% of the trust’s outstanding units.

The transaction involved CDPQ Infrastructures Asia III Inc., part of the sponsor group, transferring its stake to MAIF 4 Investments India 2 Pte. Ltd. This move aligns with regulatory requirements under Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014.

Ownership Structure

As per the data provided by KFin Technologies Limited, the registrar and share transfer agent, the total outstanding units stand at 47,27,73,200. The ownership is split between the sponsor group and public holders.

The sponsor group’s holding consists entirely of foreign bodies corporate. Within this category, 17,12,59,790 units, representing 96.60% of their total holding, are pledged or otherwise encumbered. Additionally, 9,04,52,400 units are mandatorily held by the sponsor group, constituting 51.02% of their stake.

Public Holding Breakdown

Public holding accounts for 62.50% of the total units. Institutional investors dominate this segment with 50.50% of the total outstanding units. Alternative Investment Funds hold 13.00%, while foreign bodies hold another 37.50% within the public category classification in the detailed report, though these appear aggregated under specific institutional headers in the summary totals provided by the registrar.

Non-institutional holders account for 12.00% of the total units. This includes bodies corporate (8.94%), individuals (1.05%), and NBFCs registered with the RBI (1.12%).

What the Numbers Show

The high level of encumbrance on the sponsor group’s holding warrants attention. With 96.60% of the 17,72,89,950 units held by the sponsor group pledged or encumbered, the liquidity of this block is significantly restricted. This suggests that the underlying assets or units are likely leveraged to support financing structures associated with the infrastructure projects.

The filing was submitted by Vikas Prakash, Company Secretary and Compliance Officer of Maple Infra InvIT Investment Manager Private Limited. The unitholding pattern has been filed via XBRL on the BSE listing portal and is available on the trust’s website.

CDPQ Infrastructures Asia III Inc., a sponsor group entity of Maple Infrastructure Trust , sold 177,289,950 units in an off-market transaction valued at ₹2,702.5 crore. The sale reduces the sponsor’s stake significantly.

The disclosure was made under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Maple Infra InvIT Investment Manager Private Limited received the intimation on September 11, 2026, and filed it with the BSE on September 12, 2026.

Transaction Details

The trade was executed entirely off-market, meaning no exchange trading occurred. The value excludes taxes, brokerage, and other charges.

Stake Reduction

Prior to the sale, CDPQ Infrastructures Asia III Inc. held 211,302,000 units, representing 44.69% of the trust. Post-transaction, its holding stands at 34,012,050 units, or 7.19%.

This marks a reduction of approximately 37.5 percentage points in a single block deal. The entity retains no derivative positions in the trust, as per the filing.

What the Numbers Show

The implied average price per unit is approximately ₹152.44 (₹2,702.5 crore / 177.29 million units). This large-scale divestment by a major sponsor group member signals a significant shift in ownership structure, reducing concentrated promoter holding below the 10% threshold typically associated with substantial control or influence in many regulatory contexts.