Bombay Dyeing & Mfg today disclosed on National Stock exchange (NSE) that 12.88 per cent of its total shares or paid-up capital have been pledged by its promoters. The disclosure was made under Regulation 8A of Securities and Exchange Board of India (Sebi) (SAST) Regulations.
The promoters of the company hold 47.10 per cent of the overall equity of the company.
The different promoters such as Nowrosjee Wadia & Sons have 17,69,856 shares in the company of which they have pledged over 99 per cent or 17,59,000 shares. The pledged shares of Nowrosjee Wadia & Sons total upto 4.56 per cent of the company's total paid up capital.
Likewise, N W Exports has pledged 100 per cent of its equity of 11,13,674 shares in Bombay Dyeing which is 2.88 per cent of the company's (Bombay Dyeing's) paid up capital. Whereas Perman Projects Supports, has pledged 72 per cent of its 20,65,771 shares. This is equivalent to 3.89 per cent of Bombay Dyeing's paid up capital.
Bombay Burmah Trading Corp has pledged 10.12 per cent of its 59,28,875 shares accounting for 1.55 per cent of Bombay Dyeing's total paid up equity. Bombay Burmah has also told the NSE that it
has applied for the release of the pledged shares by offering alternate security.
The stock of the company opened at Rs 148.30 and reached a low of Rs 145 today. The stock last traded at Rs 146.05. It was down 3.5 per cent as against its previous close of Rs 151.35.
