Seshagiri Rao Jasti Releases 30% Stake Pledge in Keerthi Industries
Seshagiri Rao Jasti, a promoter of Keerthi Industries Ltd, has disclosed the release of a pledge on 2,405,021 equity shares, representing 30% of the company's paid-up capital. This action effectively removes the encumbrance on these shares. Prior to this release, Mr. Jasti held 8.44% of voting rights directly and had the pledged shares. After the release, his direct holding remains at 38.44% of the total share capital, with no shares currently encumbered. The total equity share capital of the company remains unchanged at 8,016,738 equity shares.
Key Highlights
- Promoter Seshagiri Rao Jasti released pledge on 2,405,021 shares.
- The released shares constitute 30% of Keerthi Industries' paid-up capital.
- Mr. Jasti's total direct holding is now 38.44% of the company's capital.
- No shares are currently encumbered by the promoter.
- The disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Price Impact
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