The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Florintree Enterprise LLP
IDEAFORGE · price
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Florintree Enterprise LLP, a non-promoter entity holding 10.67% in Ideaforge Technology, has revoked the pledge on 10,09,221 equity shares (2.34% of total share capital) as of March 28, 2025. These shares were previously held as encumbered (pledged) and have now been released, moving into direct free holding. After the transaction, Florintree holds 10,09,221 shares (2.34%) as direct shares and 35,88,749 shares (8.33%) still under pledge, with total holding unchanged at 45,97,970 shares (10.67%). The mode of transaction is explicitly stated as 'Pledge Revocation.'
This is a routine pledge release by a non-promoter shareholder and does not change total ownership or indicate any buying or selling. The freed shares could potentially be sold or used as collateral elsewhere, which is worth monitoring, but the overall holding and promoter structure remain unaffected.