Promoter Malavika Hegde releases 18,745 invoked pledged shares
COFFEEDAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Malavika Hegde, promoter of Coffee Day Enterprises, disclosed release of 18,745 invoked equity shares (0.01 percent of total capital) under SEBI SAST Regulations. The shares were originally pledged to Clix Capital and later assigned to Phoneix ARC as security for group company borrowings. Post-release, her encumbered holding drops to 0.00 percent. The overall promoter group encumbrance remains at 7.75 percent of share capital.
Marginally positive as it reduces promoter share encumbrance, though the quantum is very small and unlikely to move the stock.