Parsvnath Developers releases more than 8.86cr shares under pledge; Stock ends higher

Now the number of pledged shares has been reduced to 10,77,46,000 which is 24.76% of the total paid-up capital of the company.

Jun 02, 2021 04:06 IST India Infoline News Service

Parsvnath Developers
Parsvnath Developers Limited updated the exchanges regarding the release of 8,86,30,392 equity shares under pledge. Now the number of pledged shares of Promoters along with persons acting in concert has been reduced to 10,77,46,000 which is 24.76% of the total paid-up capital of the company and 35.81% of total Promoter’s shareholding of the company.

The promoters along with persons acting in concert as on date hold 30,08,76,912 equity shares in the company which is 69.14% of total paid up capital of the company, out of which 19,63,76,392 shares were pledged which amounted to 45.13% of the total paid up capital of the company and 65.27% of total Promoter’s shareholding of the company before release of 8,70,66,037pledged equity shares on various dates and return of 15,64,355 equity shares which was earlier invoked.

Parsvnath Developers Ltd trade on Wednesday ended at Rs11.06 per piece up by Rs0.51 or 4.83% from its previous closing of Rs10.55 per piece on the BSE.

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