Shareholding7 Nov 2026, 03:04 pm
India Finsec: Promoter Nidhi Bansal Creates Pledge
AI Summary
India Finsec Limited has reported the creation of a pledge on equity shares by promoter Nidhi Bansal. This disclosure, made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertains to the encumbrance of 5,00,000 shares, representing 1.71% of the total share capital. The pledge was created on November 02, 2026, with Motilal Oswal Financial Services Ltd. as the entity in whose favor the encumbrance was made. The reason cited for the pledge is the availability of intra-day margin by the broker. This action impacts the promoter group's shareholding structure and is a significant event under takeover regulations.
Key Highlights
- Promoter Nidhi Bansal has created a pledge on 5,00,000 equity shares.
- The pledge represents 1.71% of India Finsec's total share capital.
- Encumbrance was made in favor of Motilal Oswal Financial Services Ltd.
- Reason for pledge is availability of intra-day margin by broker.
- Disclosure made as per SEBI (SAST) Regulations, 2011.
Price Impact
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