Announced Wed, 26 Aug · 12:13 IST
Promoter pledge of 1.09 crore shares released at Valor Estate
DBREALTY · price
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Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹107.00
prior close
₹108.62
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0-0.1-0.2+0.2-0.2+0.3-1.9-3.8-4.0-4.1-11.2———
Up moveDown movePending
AI summary
Aseela Vinod Goenka, part of promoter group of Valor Estate (formerly DB Realty), released pledge on 1,09,05,303 shares (about 2 percent of capital). Pledge was with IDBI Trusteeship Services on behalf of HDFC Bank for a loan given to subsidiary MIG Bandra Realtors. Loan has been fully repaid, triggering release. Promoter group continues to hold 23.90 percent of the company.
Likely market impact
Removes pledge overhang on promoter shares. Subsidiary loan fully repaid, reducing risk of forced share sale.