Announced Tue, 11 Aug · 11:58 IST
Pledge released on 2.6 crore promoter shares
GLOBE · 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
-1.5%1-day move
₹2.03
prior close
₹2.01
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5+0.5+0.5+0.0-1.5+0.5-1.0-1.0-3.4-1.5-5.9-10.3——
Up moveDown movePending
AI summary
Promoter Mr. Bhavik Suryakant Parikh has fully released the pledge on 2,60,00,000 equity shares (5.77% of total share capital) that were pledged with M/s Comfort Fincap Limited. Post-release, the promoter has zero encumbered shares. Total promoter holding remains at 3,55,37,035 shares or 7.89% of share capital.
Likely market impact
Reduces pledge risk on the stock. Promoter retains 7.89% stake with no encumbered shares, signaling improved financial flexibility.