VS Trust pledges 4.2 lakh TVS Holdings shares for 250 Cr loan
TVSHLTD · price
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On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.4 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter VS Trust has pledged 4,20,400 TVS Holdings shares (2.08% of total share capital) with Aditya Birla Capital NBFC to raise a 250 Crore loan for general purpose. Post this creation, total encumbered promoter shares stand at 26,23,008 (12.96% of share capital). Overall promoter holding remains 74.45%.
Routine pledge creation for borrowing. Encumbered shares at 12.96% of capital, well below 50% threshold. Monitor for any invocation.