Promoter GMR Business & Consultancy LLP pledges 3.27% of total shares
GMRP&UI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GMR Business and Consultancy LLP (promoter) has created a pledge of 25,51,35,160 shares (3.27% of total share capital) on 11-Jun-2026 in favour of VISTRA ITCL (India) Ltd as debenture trustee for GMR Estate Management Pvt Ltd. Encumbered shares now stand at 72.13% of promoter shareholding, crossing the 50% threshold. The pledge backs secured, unrated, unlisted, redeemable, non-convertible debentures worth ₹269.35 crore. Stated purpose: personal use by promoters and PACs. Promoter overall holding is 46.28% of total share capital.
High pledge ratio (72% of promoter holding) signals significant leverage; raises concern as encumbrance is above 50% promoter threshold and used for personal purposes.