Promoter group pledge reshuffled to SBICAP Trustee
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.1 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter group members Rajiv Aggarwal (4 lakh shares, 3.87%) and Vinod Aggarwal (1 lakh shares, 0.97%) disclosed creation of pledge totaling 5 lakh shares (4.84% of company) in favour of SBICAP Trustee Company. The existing pledge with SBI has been transferred to SBICAP Trustee, acting as Security Trustee for the consortium of banks with SBI as Lead Bank. No change in aggregate shares pledged.
Neutral for shareholders - pledge merely transferred from SBI to SBICAP Trustee. No change in total shares pledged or promoter economic interest.