Diginex Limited received an updated Schedule 13G/A from a group of related Hearst entities, including HBM IV, Inc., Fitch Group, Inc., Hearst Communications, Inc., and The Hearst Family Trust.
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Diginex Limited received an updated Schedule 13G/A from a group of related Hearst entities, including HBM IV, Inc., Fitch Group, Inc., Hearst Communications, Inc., and The Hearst Family Trust. On May 28, 2026, HBM IV sold all of its remaining Ordinary Shares of Diginex. Because the Hearst entities were deemed to beneficially own those shares through their control chain, this sale reduces each reporting person's holdings to 0 Ordinary Shares, or 0% of the class, with no voting or dispositive power remaining.
Key Figures
Ownership percentage after sale:0%Shares with voting power:0Shares with dispositive power:0+2 more
5 metrics
Ownership percentage after sale0%Percent of Diginex Ordinary Shares reported by each Hearst-related entity after May 28, 2026 sale
Shares with voting power0Number of Diginex Ordinary Shares over which each reporting person has sole or shared voting power after the sale
Shares with dispositive power0Number of Diginex Ordinary Shares over which each reporting person has sole or shared dispositive power after the sale
Sale dateMay 28, 2026Date on which HBM IV sold all remaining Diginex Ordinary Shares
Par value per Ordinary Share$0.0004 per sharePar value of Diginex Limited Ordinary Shares
"Pursuant to the definition of "beneficial owner" set forth in Rule 13d-3"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
dispositive powerfinancial
"power to dispose or to direct the disposition of the Ordinary Shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Schedule 13Gregulatory
"Pursuant to the definition of "beneficial owner" set forth in Rule 13d-3"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
testamentary trustfinancial
"The Hearst Family Trust, a testamentary trust (the "Trust")"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did the Schedule 13G/A filing disclose for DGNX?
The filing disclosed that HBM IV, Inc. and related Hearst entities sold all remaining Ordinary Shares of Diginex Limited on May 28, 2026, and now report 0% beneficial ownership and no voting or dispositive power.
Who are the reporting persons in the DGNX Schedule 13G/A amendment?
The reporting persons are HBM IV, Inc., Fitch Group, Inc., Hearst Ratings II, Inc., Hearst Communications, Inc., Hearst Holdings, Inc., The Hearst Corporation, and The Hearst Family Trust, all filing jointly as beneficial owners under Rule 13d-3.
What is the current ownership of Diginex (DGNX) by the Hearst entities?
Following the May 28, 2026 sale, each of HBM IV, Fitch Group, the Hearst entities, and The Hearst Family Trust reports owning 0 Ordinary Shares of Diginex Limited, representing 0% of the outstanding class, with no voting or dispositive power.
When did HBM IV, Inc. sell its remaining Diginex (DGNX) shares?
HBM IV, Inc. sold all of its remaining Diginex Ordinary Shares on May 28, 2026. This transaction eliminated beneficial ownership for HBM IV and the related Hearst entities that previously controlled HBM IV through a corporate ownership chain.
Why were multiple Hearst entities deemed beneficial owners of DGNX shares?
Under Rule 13d-3, each entity in the ownership chain—HBM IV, Fitch Group, Hearst Ratings II, Hearst Communications, Hearst Holdings, The Hearst Corporation, and The Hearst Family Trust—was deemed to beneficially own the shares because each could direct voting and disposition of HBM IV’s holdings.
What corporate changes among Hearst entities affected DGNX ownership?
In 2026, Hearst Communications, Inc. transferred HBM IV stock to its wholly owned subsidiary Hearst Ratings II, Inc., which then transferred it to Fitch Group, Inc.. These transfers shifted which entity directly controlled HBM IV before the May 28, 2026 sale.
This Statement is filed on behalf of each of the following persons:
1. HBM IV, Inc., a Delaware corporation ("HBM IV");
2. Fitch Group, Inc., a Delaware corporation ("FGI");
3. Hearst Ratings II, Inc., a Delaware corporation ("HRII");
4. Hearst Communications, Inc., a Delaware corporation ("HCI");
5. Hearst Holdings, Inc., a Delaware corporation ("HHI");
6. The Hearst Corporation, a Delaware corporation ("THC"); and
7. The Hearst Family Trust, a testamentary trust (the "Trust").
(b)
Address or principal business office or, if none, residence:
The principal business office of each of HBM IV, HRII, HCI, HHI, THC and the Trust is 300 West 57th Street, New York, New York 10019. The principal business office of FGI is 33 Whitehall Street, New York, New York 10004.
(c)
Citizenship:
Each of HBM IV, FGI, HRII, HCI, HHI and THC is a Delaware corporation. The Trust is a testamentary trust that was probated in California.
(d)
Title of class of securities:
Ordinary Shares, par value $0.0004 per share
(e)
CUSIP No.:
G28687104
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
On May 28, 2026, HBM IV sold all of its remaining Ordinary Shares of the Issuer (the "Sale"). Prior to the Sale, HBM IV was the beneficial owner of Ordinary Shares of the Issuer. In 2026, HCI transferred the stock of HBM IV to its wholly-owned subsidiary HRII, and HRII immediately thereafter transferred the stock of HBM IV to its wholly-owned subsidiary, FGI. Pursuant to the definition of "beneficial owner" set forth in Rule 13d-3 under the Securities Exchange Act of 1934, as amended, each of HBM IV, FGI, HRII, HCI, HHI, THC and the Trust was deemed to beneficially own such securities. At the time of the Sale, (i) FGI, as the controlling stockholder of HBM IV, (ii) HRII, as the controlling stockholder of FGI, (iii) HCI, as the controlling stockholder of HRII, (iv) HHI, as the controlling stockholder of HCI, (v) THC, as the controlling stockholder of HHI, and (vi) the Trust, as the controlling stockholder of THC, each had the power to direct the voting and disposition of the Ordinary Shares of the Issuer held by HBM IV. Following the Sale, none of HBM IV, FGI, HRII, HCI, HHI, THC or the Trust directly or indirectly owns any Ordinary Shares of the Issuer nor may any of them be deemed to beneficially own such securities.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under _ 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
HBM IV, Inc.
Signature:
/s/ Bruce Legorburu
Name/Title:
Bruce Legorburu, Executive Vice President
Date:
08/14/2026
Fitch Group, Inc.
Signature:
/s/ Bruce Legorburu
Name/Title:
Bruce Legorburu, Executive Vice President
Date:
08/14/2026
Hearst Ratings II, Inc.
Signature:
/s/ Mitchell I. Scherzer
Name/Title:
Mitchell I. Scherzer, Vice President
Date:
08/14/2026
Hearst Communications, Inc.
Signature:
/s/ Mitchell I. Scherzer
Name/Title:
Mitchell I. Scherzer, Executive Vice President and Chief Financial Officer
Date:
08/14/2026
Hearst Holdings, Inc.
Signature:
/s/ Mitchell I. Scherzer
Name/Title:
Mitchell I. Scherzer, Executive Vice President and Chief Financial Officer
Date:
08/14/2026
The Hearst Corporation
Signature:
/s/ Mitchell I. Scherzer
Name/Title:
Mitchell I. Scherzer, Executive Vice President and Chief Financial Officer
