The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on January 20, 2026 for Confidence LPG Bottling Pvt Ltd
CONFIPET · price
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Confidence LPG Bottling Pvt Ltd, part of the promoter group of Confidence Petroleum India Ltd, has released a pledge on 19,15,000 equity shares (0.58% of total share capital). The pledge was originally created as security for a loan in favour of Cholamandalam Securities Ltd, with the release event dated January 9, 2026 and reported on January 20, 2026. After this release, the entity's encumbered holding stands at 19,15,000 shares (0.58%) out of its total holding of 1,11,45,698 shares (3.35%). Other promoter group entities like Gaspoint Petroleum India Ltd (21.33%) and Nitin Punamchand Khara (7.08%) still have shares encumbered to the tune of 0.87% and 0.56% respectively.
Pledge release is generally viewed as a positive signal, suggesting reduced financial burden or improved loan repayment capacity for the promoter group. This may ease investor concerns about forced selling risk and reflects healthier promoter finances, though other group entities still have pledged shares outstanding.