Varun Industries touched 20% lower circuit and hits 52-week low of Rs126.65 after the company’s promoters pledged more than 50% of their stake in past one week.
“Shri Kiran N Mehta (9.47 million) and Shri Kailash S Agarwal (1.69 million) have pledged combined 11.17 million, representing 59% of the total promoters holding (18.9 million shares) on March 9, and on March 12,' the houseware maker said in a filing to the stock exchanges.
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“Shri Kiran N Mehta (9.47 million) and Shri Kailash S Agarwal (1.69 million) have pledged combined 11.17 million, representing 59% of the total promoters holding (18.9 million shares) on March 9, and on March 12,' the houseware maker said in a filing to the stock exchanges.
....more info