Announced Fri, 18 Sept · 14:33 IST
Additional 11.53 percent pledge of shares by promoter Lunolux
EUREKAFORB · 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
-3.6%1-day move
₹392.25
prior close
₹383.90
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.8+0.3-3.6—————————
Up moveDown movePending
AI summary
Lunolux Limited has pledged 22,319,748 additional equity shares (11.53 percent) of Eureka Forbes in favour of Catalyst Trusteeship Ltd as onshore security agent for lenders. This follows an amendment to the facility agreement extending tenor and raising total commitment. Total pledged shares now stand at 98,688,477, or 51.00 percent of paid-up capital. Catalyst holds no beneficial interest, acting only as pledgee.
Likely market impact
Pledged shares cross 51 percent, signalling higher leverage for promoter entity Lunolux. Risk of invocation rises if loan terms are breached.