Promoter group pledges 3 lakh shares to Jio Credit
TRUALT · price
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On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and in line with its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kamala Murugesh Nirani from TruAlt Bioenergy promoter group has pledged 3,00,000 equity shares (0.35% of capital) with Jio Credit Limited. Her total encumbered shares now stand at 42,27,590 or 4.93% of share capital. The pledge secures debt taken by promoters Vijaykumar Nirani and Vishal Nirani to finance buying more shares in the company.
Pledge created to fund further share purchases by promoters. Total encumbered promoter group shares now at 4.93%. Watch for next stake increase.