Steel Strips Wheels updates on status of pledged shares; Stock trades higher

On October 20, 2021 100000 shares were released from pledge.

Oct 21, 2021 03:10 IST India Infoline News Service

Steel Strips Wheels
Steel Strips Wheels Ltd has informed to the exchange regarding release of shares and status of pledged shares of the promoter group of the company.

In a regulatory filing, the company updated that the promoters along with the persons acting in concert holds 9797402 equity shares in the company, which is 62.77% of the total paid up capital of the company and out of which 2848347 equity shares were pledged which is 18.25% of total paid up capital of the company and 29.07% of total promoter shareholding.

On October 20, 2021 100000 shares were released from pledge, accordingly, now the total number of shares-pledged has decreased to 2748347, which is 17.61% of total paid up capital of the company and 28.05% of total promoter shareholding.

At around 3:00 PM, Steel Strips Wheels was trading at Rs1,818 per piece up by Rs8.4 or 0.46% on the Sensex.

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