Promoter Santanu Agarwal releases pledge of Paisalo Digital shares
PAISALO · price
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On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.8 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Santanu Agarwal has filed a disclosure with the stock exchanges under SEBI Regulation 31 stating a release of pledge on his shares of Paisalo Digital Limited. The filing reports the encumbrance on his holdings has been released as on the reporting date.
Pledge release reduces encumbrance risk on promoter holdings and is generally viewed as a positive signal for shareholders.