Announced Tue, 11 Aug · 17:51 IST
Promoter Seshagiri Rao Jasti releases pledge on 24 lakh shares of Keerthi Industries
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
+14.8%1-day move
₹38.50
prior close
₹39.99
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+14.8+3.9+9.1+3.9-1.0+3.9+7.5+9.1——
Up moveDown movePending
AI summary
Promoter and Managing Director Seshagiri Rao Jasti released pledge on 24,05,021 equity shares (about 30 percent of total capital) previously pledged with Axis Bank. Post-release, the promoter holds 30,81,559 shares (38.44 percent) with zero encumbered shares. The shares were originally pledged as collateral for a credit facility from the bank.
Likely market impact
Positive signal - promoter now has zero pledged shares, indicating reduced financial stress or successful loan repayment with Axis Bank.