The liquor maker on Tuesday (15 September) informed that its promoter has fully repaid all the loans against pledged shares of the company.
All the shares held in promoters' account/companies are free from any encumbrance whatsoever, the company said.
Radico Khaitan's promoter, Sapphire Intrex, had pledged 15,02,460 equity shares, or 1.13% of the total equity capital of the company.
As on 30 June 2020, Sapphire Intrex held 33.98% stake while the total promoter holding in the company stood at 40.31%.
Shares of Radico Khaitan jumped 6.93% to Rs 443.45 on BSE. The stock surged 101.56% from its 52-week low of Rs 220 hit on 25 March 2020.
The liquor maker's consolidated net profit dropped 21% to Rs 44.87 crore on 33.7% decline in net sales to Rs 1,774.65 crore in Q1 June 2020 over Q1 June 2019.
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Radico Khaitan produces and distributes branded liquor. The company operates molasses and grain distilleries and produces whiskey, rum, brandy, and vodka.
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