Announced Mon, 22 Jun · 10:36 IST
Setco Engineering releases 83 lakh pledged shares of Setco Automotive
SETCO · price
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Price reaction · full curve 14 horizons · vs prior close
-3.9%1-day move
₹17.54
prior close
₹17.54
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-3.9-3.0-4.1-6.0-5.6-8.6+4.3+3.4——
Up moveDown movePending
AI summary
Promoter Setco Engineering Pvt Ltd released 83 lakh shares (6.20% of capital) from pledge on June 18, 2026. Encumbered promoter shares fell from 47.89% to 41.69%. Release was against NCDs issued by Setco Auto Systems Pvt Ltd, with Vistra ITCL acting as Debenture Trustee. Promoter stake remains unchanged at 47.89%.
Likely market impact
Lower pledged shares ease financial risk on promoter group. Released shares are now free to trade, improving share liquidity and reducing overhang risk.