Adani Ports Promoters Release 37.50 Lakh Pledged Shares

Adani Ports and Special Economic Zone (APSEZ) on Saturday said its promoters Gautam S Adani and Rajesh Adani on behalf of SB Adani Family Trust have released pledge on 37.50 lakh equity shares held in the company, comprising its 0.18 per cent holding.

New Delhi, Apr 25 (PTI) Adani Ports and Special Economic Zone (APSEZ) on Saturday said its promoters Gautam S Adani and Rajesh Adani on behalf of SB Adani Family Trust have released pledge on 37.50 lakh equity shares held in the company, comprising its 0.18 per cent holding.

The promoter family trust holds 39.34 per cent in APSEZ.

Adani Group in a BSE filing disclosed the "release of pledge on 37,50,000 equity shares of APSEZ".

The released shares were pledged in favour of Axis Bank.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)

Share Now

Share Now