Announced Sat, 1 Aug · 10:57 IST
Promoter pledges 51% of Mac Charles shares as debenture security
MCCHRLS-B · 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
-1.4%1-day move
₹690.00
prior close
₹690.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.7-0.7+1.2-1.4-2.2-1.9-1.4-2.2-1.5+0.2-1.5——
Up moveDown movePending
AI summary
Embassy Property Developments, promoter of Mac Charles holding 73.41%, pledged 66.81 lakh shares (51% of total share capital) to Catalyst Trusteeship as security for INR 270 crore non-convertible debentures issued by group entity Calatheas Developments. Encumbered shares equal 69.47% of promoter holding with a 1.72 times security cover on shares valued at about INR 464 crore.
Likely market impact
Large promoter pledge covering 51% of equity signals higher leverage; covenant requires debt repayment if promoter holding drops below 51%.