Announced Fri, 11 Sept · 17:31 IST
Promoter Prerna Agarwal pledges 72.32% stake with Motilal Oswal
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Promoter Prerna Agarwal has created a pledge on 45,02,633 equity shares of Advance Lifestyles Ltd, representing 72.32% of total share capital. The pledge is in favor of Motilal Oswal Financial Services Limited, taken to avail a margin facility. Pre-event encumbrance was nil; post-event encumbrance now stands at 72.32%. Ownership remains unchanged.
Likely market impact
Large 72% promoter pledge raises margin call risk if shares fall. Ownership unchanged but encumbrance is now very high.