Shareholding6 Jun 2026, 12:01 pm
Asgard Alcobev: Ronak Jain Pledges 2 Cr Shares
AI Summary
Asgard Alcobev Limited (formerly Banganga Paper Industries Limited) has filed a disclosure under SEBI's takeover regulations regarding the creation of a pledge on 2,00,00,000 equity shares by promoter Ronak Jain in favor of Kotak Mahindra Bank Limited. This pledge represents 6.42% of the total share capital. Following this action, Ronak Jain's direct shareholding in the company has reduced to 31.77%, while the total promoter group holding stands at 53.53%. The disclosure was made on June 3rd, 2026.
Key Highlights
- Promoter Ronak Jain pledged 2 crore equity shares of Asgard Alcobev.
- The pledge was made in favor of Kotak Mahindra Bank Limited.
- Pledged shares represent 6.42% of the company's total share capital.
- Promoter group's total holding is now 53.53% post-pledge.
- Disclosure filed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Price Impact
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