Transwarranty Finance avails Rs 15 crore loan, promoter pledges shares
TFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 3.4 pts more 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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Transwarranty Finance has availed a loan of Rs 15 crore from IDFC First Bank in the ordinary course of business. Promoter Mr. Kumar Nair has pledged 1,40,33,381 equity shares (around 1.4 crore shares) held by him as security for the loan. The disclosure is made under SEBI Listing Regulations, 2015.
New debt of Rs 15 crore taken on, with promoter shares pledged as security. Promoter share pledge is a risk factor worth monitoring.