Promoter pledges 35.07 lakh more Nuvama shares; 52.54% holding encumbered
NUVAMA · price
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On the reaction day the stock moved 3.0 pts less than Nifty Smallcap 250 and 2.1 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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PAGAC Ecstasy Pte. Ltd. pledged 35,074,460 additional Nuvama shares on October 30, 2026 after a regulatory lock-in expired. These equal 19.01% of company capital and secure overseas facilities of up to USD 450 million for the promoter's personal use. The filing reports 96,960,340 promoter shares, equal to 52.54% of capital, as encumbered.
The pledge raises lender control and forced-sale risk if the promoter defaults, although no invocation or release is reported.