Oriental Hotels today said its three promoters have pledged 1.08 per cent stake in the company for an undisclosed amount.
In a filing to the Bombay Stock Exchange, the company said that three promoters have pledged 1,92,361 shares representing 1.08 per cent stake in the company.
Dodila Sudha Reddy has pledged 15,232 shares representing 0.09 per cent, D Lalithamma has pledged 1,24,129 shares representing 0.70 per cent stake and D Vijayagopal Reddy has pledged 53,000 shares representing 0.30 per cent stake in the company, the filing added.
Meanwhile, in another filing to the BSE, Elder Pharmaceuticals said that its promoters have pledged 22.19 per cent stake in the company for an undisclosed amount.
Semit Pharmaceuticals & Chemicals has pledged 13.27 lakh shares representing 7.04 per cent stake, Indarts Exports has pledged 8.09 per cent stake that is 15.25 lakh shares of the company, it added.
Rest of the promoters have pledged 7.06 per cent which is nearly 1,332,450 shares of the company, it said.
Shares of Oriental Hotels settled at Rs 70.05, down 1.48 per cent on BSE. Elder Pharma closed at Rs 235, up 5.86 per cent on BSE.
