Promoters pledge 40 lakh shares with ICICI Bank for subsidiary loan

Ownership Changes View source PDF Explain this filing

MASTERTR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+6.7%Reaction day

₹86.15

prior close

₹85.62

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%+8.1% vs market

Stockbroking & Allied peers, median of 37sector-1.5%+8.1% vs sector

On the reaction day the stock moved 8.1 pts more than Nifty Microcap 250 and 8.1 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.1

15m

-0.1

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+6.7-1.4+8.1-1.5+8.1

Next day

+3.6-1.6+5.2-1.4+4.9

+0.9-1.4+2.3-2.1+2.9

-1.4-2.7+1.3-2.9+1.5

+1.3-2.5+3.8-3.5+4.8

+3.3-2.3+5.6-3.6+7.0

-1.0-5.4+4.5-6.3+5.3

15d

-16.8-10.5-6.3-11.3-5.5

-21.6-10.3-11.3-12.1-9.5

-10.6+1.6-12.3+2.1-12.8

+5.8+3.8+2.0+0.7+5.1

UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 37Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Promoters Harjeet Singh Arora and Rajinder Kumar Singhania pledged 20 lakh shares each (40 lakh total, 3.25% of capital) with ICICI Bank as collateral for loans to wholly owned subsidiary Master Capital Services. Total promoter encumbrance now at 1 crore shares (8.13%). Promoter holding remains 71.93%.

Likely market impact

Slight concern: new 3.25% pledge for subsidiary loan, but total encumbrance is only 8.13% and promoter holding remains 71.93%.