Announced Fri, 19 Jun · 10:46 IST
Promoter pledges 2 crore shares with Kotak Mahindra Bank
Ownership Changes View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+0.2%1-day move
₹35.53
prior close
₹34.98
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-1.3-1.1-0.1+0.2-0.3-1.8-4.1-3.2-5.0-8.6-13.9——
Up moveDown movePending
AI summary
Promoter Ronak Jain and PACs have created a pledge of 2,00,00,000 (two crore) equity shares of Asgard Alcobev in favour of Kotak Mahindra Bank. The disclosure is a revised version of an earlier communication dated 5 June 2026, which had mistakenly shown the shares under Sale instead of Encumbrance. No actual sale took place.
Likely market impact
Pledging promoter shares can signal fundraising needs; large pledges carry risk if share price falls and the lender invokes them.