Promoter Fairpoint Tradecom LLP reports multiple pledge creations and releases
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 3.2 pts less than its Furniture Home Furnishing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter group entity Fairpoint Tradecom LLP, holding 9.25 percent of Responsive Industries, reported multiple pledge events. Between June 4 and 8, it created fresh pledges of 4 lakh shares with Mrs. Suman Gandhi as collateral for a loan, while releasing 4.2 lakh shares from Imperial Solutions. Total encumbered shares now stand at 30.22 percent of promoter holding, below 50 percent.
Multiple small pledge shifts between parties. Encumbered portion at 30.22 percent of promoter holding, well below 50 percent. No invocation.