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Article: Two promoters pledge 12 pc shares of Alchemist for loan.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- February 5, 2009
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Two promoters pledge 12 pc shares of Alchemist for loan
Mumbai, Feb 5 (PTI) Alchemist Ltd today said two of its promoters, Kanwar Deep Singh and KDS Corporation, have pledged over 14.77 lakh equity shares, representing 12.07 per cent stake of the firm for securing a short-term loan of Rs 5 crore.
The promoters pledged these equity shares to Bank of Rajasthan for availing the short-term loan for company's business, Alchemist said in a filing with the Bombay Stock Exchange.
Alchemist Ltd, formerly Toubro Infotech and Industries Ltd, is engaged in steel, floriculture, pharma, hospitality, real estate, information technology, food processing, ...