'Updation of Creation of Pledge over Equity Shares of Kronox Lab Sciences Limited'
As filed · Indo Borax & Chemicals Limited has informed the Exchange regarding 'Updation of Creation of Pledge over Equity Shares of Kronox Lab Sciences Limited'.
OwnershipMajormateriality 78 out of 100
What happened
FactUpdation of Creation of Pledge over Equity Shares of Kronox Lab Sciences Limited'. the pledge agreement in respect of 51,94,560 equity shares of Kronox Lab Sciences Limited.
Why it matters
CapitSignal interpretationPledged promoter shares can be sold by the lender if the price falls, which turns a share-price decline into forced supply.
Watch next
Fact- Percentage of promoter holding now pledged
- Which lender holds the pledge
- Whether the pledge is released in the next disclosure
Evidence
How CapitSignal classified this
- Reasoning:
- PLEDGE_INCREASE base 70; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%