Lanco Infratech, the flagship company of Lanco Group, today said two of its promoters have pledged 8.52 per cent stake of the company with an undisclosed entity.
The company, in a filing to the Bombay Stock Exchange, said that two promoters, Lanco Group and Prince Stone Investments, have pledged in total 1.89 crore shares, representing 8.52 per cent stake of the company, with an undisclosed identity.
Lanco Group has pledged 37.12 lakh shares representing 1.66 per cent stake of the company, while Prince Stone Investments has pledged 1.52 crore shares representing 6.86 per cent stake of the company, the filing added.
Shares of Lanco Infratech settled at Rs 111.65, 0.36 per cent on the BSE.