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Lanco Infra promoters pledge 8.53% of equity

Lanco Infra promoters pledge 8.53% of equity
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First Published: Thu, Feb 05 2009. 11 22 AM IST
Updated: Thu, Feb 05 2009. 11 22 AM IST
Mumbai: Lanco Infratech Ltd said on Thursday two of its promoters had pledged shares totaling 8.53% of equity.
Prince Stone Investments has pledged 15.25 million shares or 6.86%, while Lanco Group Ltd had pledged 3.71 million shares or 1.67%, the company said in a statement, without disclosing whom they were pledged with.
Prince owns 48.83% in the company while Lanco Group has 14.35% as of 31 December, according to stock exchnange data.
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First Published: Thu, Feb 05 2009. 11 22 AM IST