Diversified firm SRF today said two of its promoters have pledged 29 per cent stake of the firm, having over 6.33 crore total outstanding shares.
The promoters - SRF Polymers and SRF Polymers Investments - together pledged over 1.84 crore equity shares with lenders, SRF said in a filing with the Bombay Stock Exchange.
The company is engaged in various businesses including textiles, refrigerant gasses, packaging films and pharmaceuticals.
Shares of the company closed at Rs 76.15, up 1.94 per cent from the previous close on the BSE.
In a separate regulatory filing, Polar Industries, engaged in manufacturing refrigeration equipment, today said seven of its promoters pledged 12.30 per cent stake of the firm, having over 1.81 crore total outstanding shares.
The promoters - Anil Agarwal, Sunil Agarwal, Concrete Consultancy Services, Higain Consultancy Services, Sheffield Appliances, Polar Overseas and Arunima Investments - collectively pledged over 22.29 lakh equity shares with lenders, Polar Industries said in a filing with the Bombay Stock Exchange.