Construction major Gammon India today said two of its promoters have pledged 9.14 per cent stake in the company with lenders.
Pacific Energy, a promoter of the company, has pledged 27.45 lakh shares representing a 3.14 per cent stake in the firm, Gammon India said in a disclosure to the Bombay Stock Exchange.
Further, another promoter Devyani Estate & Properties has also pledged a total of 52.50 lakh shares amounting 6 per cent stake in the company, it added.
At the end of the December quarter, Pacific Energy and Devyani Estate & Properties held 17.16 and 6.04 per cent stake, respectively, in the company.
Shares of Gammon India today settled the day at Rs 55, down 6.46 per cent on the BSE.
