Announced Sat, 20 Jun · 10:18 IST
Promoter pledges 58% of Elpro shares as collateral for debentures
ELPROINTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹171.00
prior close
₹170.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.4+0.7+0.5+0.6+0.6+0.6+0.6+0.6+0.9+1.9+2.3——
Up moveDown movePending
AI summary
Promoter IGE (India) Pvt Ltd has pledged 9.83 crore shares (58% of total share capital) of Elpro International as collateral for issuing debentures worth about INR 420 crore on June 17, 2026. CTL Trusteeship is the debenture trustee. Total promoter holding is 75% of the company. The borrowed funds will be used for part-financing acquisition of more Elpro shares and for delisting expenses. Security cover stands at 3.96 times the loan value.
Likely market impact
Heavy pledge creation signals delisting intent. Promoter is raising funds to buy more shares and delist Elpro. Watch for a formal delisting offer soon.