Shareholding15 Jul 2026, 04:03 pm
Embassy Developments: Promoter releases pledge on 1 Cr shares
AI Summary
Embassy Developments Ltd announced that its promoter group, Embassy Property Developments Private Limited (EPDPL), has released the pledge over 1,00,00,000 (One Crore) equity shares of the company. This follows a previous release of pledge on 2,00,00,000 equity shares. The disclosure is made to maintain high standards of corporate governance and transparency. The value of the released pledge is estimated at ₹64.79 crore, based on the closing price of July 14, 2026. EPDPL continues to hold 19,37,92,592 equity shares, representing 13.94% of the company's total shareholding.
Key Highlights
- Promoter group released pledge on 1 crore equity shares.
- This is a further release after 2 crore shares were previously unpledged.
- The value of the released pledge is approximately ₹64.79 crore.
- The company emphasizes commitment to corporate governance and transparency.
- Promoter group's shareholding remains at 13.94% post-release.
Price Impact
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