Disclosure of pledge of 66.32 lakh shares (5.31%) of Ajanta Pharma
AJANTPHARM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts more than Nifty Midcap 150 and 0.2 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CTL Trusteeship Ltd, acting as common security trustee for debenture holders, has disclosed creation of pledge over 66,32,651 equity shares (5.31%) of Ajanta Pharma Limited. Total encumbered shares including covenants stand at 1,69,12,924 shares (13.53%). The pledge was created by Aayush Agrawal Trust (38.32 lakh shares), Gabs Investments Pvt Ltd (27.70 lakh shares), and Aayush Agrawal (30,000 shares) to secure debentures of about Rs 3,373 crore from Lenexis Foodworks and Rs 500 crore from Inspira Realty 2, issued to CTL Trusteeship. Acquirer is not a promoter.
New pledge creation by promoter group entities; 13.53% encumbrance is sizeable and may raise concerns about leverage, but no invocation reported.