Announced Fri, 3 Jul · 17:13 IST
Emami promoters release pledged shares worth about 8.9% of capital
EMAMILTD · 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
₹418.70
prior close
₹424.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.6-0.7-1.5-0.6-2.9-0.6+0.8+2.0-1.9-1.3———
Up moveDown movePending
AI summary
Diwakar Finvest and Suraj Finvest, promoter group entities of Emami, released pledged shares. Diwakar Finvest released 2.82 crore shares (6.47% of capital) held with Axis Finance on July 3. Suraj Finvest released 1.06 crore shares (2.43%) held with Bajaj Finance on July 2. Both releases were as per lender agreements. Post-release encumbered shares stand at 6.40% for Diwakar and 2.09% for Suraj Finvest.
Likely market impact
Reduced pledge burden on promoter group; signals lower leverage and improved financial flexibility for promoters.