Announced Tue, 1 Sept · 10:26 IST
Promoter pledges 25.5% stake as NCD security
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
-5.8%1-day move
₹307.80
prior close
₹306.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
———+0.3-5.8-0.9-3.5-6.8-10.3-13.6————
Up moveDown movePending
AI summary
Mr. Jaydeep Vinod Mehta, promoter of Emerald Leisures Ltd, has pledged 38,30,323 shares (25.50% of total capital) as security for 105 Crores of 10% secured unlisted NCDs issued by the company. This encumbrance covers about 82% of his total holding of 31.13%. NCD proceeds will go toward club expansion (25 Cr), repaying Aditya Birla Capital debt (20 Cr), SRA expenses (30 Cr), general corporate purpose (25 Cr), and transaction costs (5 Cr).
Likely market impact
Bulk of promoter stake is now pledged. Default on NCDs could trigger share invocation, a risk factor for investors.