Promoter pledge of 1.09 crore shares released at Valor Estate
DBREALTY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
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.
Removes pledge overhang on promoter shares. Subsidiary loan fully repaid, reducing risk of forced share sale.