Promoter shifts pledged shares from Suresh Rathi Sec to Yes Bank
ANANDRATHI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts more than Nifty Smallcap 250 and 0.8 pts more than its Capital Markets peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Anand Rathi Financial Services revoked pledge on 5.16 lakh shares with Suresh Rathi Securities and created a fresh pledge on 5.14 lakh shares with Yes Bank on Oct 13. Net: 2,000 fewer encumbered shares. Promoter holds 18.17% in Anand Rathi Wealth; 29.31% of this stays encumbered. Reason: collateral shift between brokers for margin limits.
Routine collateral shift between brokers; no change in promoter stake; neutral for stock.