The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 28, 2025 for Sanjay Labroo
ASAHIINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sanjay Labroo, a promoter of Asahi India Glass Ltd, has released a pledge on 8,00,000 equity shares (about 0.33% of total share capital) with Bajaj Finance Limited. The pledge was originally created as collateral for a personal borrowing. After this release, Mr. Labroo's encumbered shares stand at 46,00,000 shares, representing 1.89% of the company's share capital. His total promoter holding in the company is 2,92,30,761 shares (12.02%). The disclosure was filed under SEBI's SAST Regulations on May 26, 2025.
Positive for shareholders as it reduces promoter encumbrance and the associated risk of forced selling. However, the size is small relative to total share capital, so the direct stock price impact is likely limited.