Announced Fri, 6 Nov, 2026 · 16:12 IST
Promoter releases 2 million pledged shares
SHRADDHA · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Promoter Sudhir Balu Mehta partially released 2,000,000 equity shares pledged to HDFC Bank. The release equals 4.95% of total share capital, reducing his pledged holding from 7,000,000 shares, or 17.33%, to 5,000,000 shares, or 12.38%. His promoter holding is 30,210,548 shares, or 74.78%.
Likely market impact
The release may reduce lender risk, but no share sale or change in promoter ownership was reported.