Promoter pledges 2 Crore Shares of Asgard Alcobev Ltd to Kotak Mahindra Bank Limited
Asgard Alcobev Limited, through its promoter Ronak Jain, has created a pledge on its equity shares in favor of Kotak Mahindra Bank Limited. The transaction involves the pledging of 2,00,00,000 Equity shares.The corporate action was initiated by Mr. Ronak Jain regarding the security creation process for the company's shares held by him.
Key details of the share pledge are summarized below:
| Detail | Information |
|---|---|
| Company | Asgard Alcobev Limited |
| Promoter involved | Ronak Jain |
| Pledged Shares | 2,00,00,000 Equity shares |
| Financial Institution | Kotak Mahindra Bank Limited |
This pledge secures the obligation concerning the substantial acquisition of shares in terms of the relevant regulations.
Stock Price Movement
Asgard Alcobev Ltd shares closed at ₹32.49 on Friday, finishing down 0.18% after the close of trade. The stock traded within a day-long range defined by an intraday high of ₹33.78 and a low of ₹32.20.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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