Aequs promoter Melligeri Foundation pledges 10 crore shares for INR 200 crore loan
AEQUS · price
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Melligeri Private Family Foundation, promoter of Aequs, has pledged 10,05,13,070 shares (14.99 percent of total capital) as security for a INR 200 crore finance facility to be used for making investments. The pledged shares represent 25.36 percent of the promoters holding. Earlier no shares were encumbered. Encumbrance value is around INR 230 crore.
New pledge signals promoter borrowing for investments; raises encumbrance on promoter holdings.