×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Koutons Retail promoters pledge 26.36% stake

Koutons Retail promoters pledge 26.36% stake
PTI
Comment E-mail Print Share
First Published: Mon, Feb 16 2009. 04 45 PM IST
Updated: Mon, Feb 16 2009. 04 45 PM IST
Mumbai: Koutons Retail, which operates a chain of apparel stores under different brand names in the country, on Monday said six of its promoters have pledged 80.60 lakh shares, representing 26.36% stake in the company, with lenders.
In a filing to the Bombay Stock Exchange, Koutons said one of its promoter Davinder Pal Singh Kohli has pledged 7.65% stake amounting 23.38 lakh shares, while Bhupinder Singh Sawhney and Gurmeet Singh Sawhney have pledged 7.92% and 7.37% stake, respectively.
Besides, three other promoters have together pledged the remaining 3.42% stake in the company, Koutons said.
Koutons Retail was trading at Rs442.50, down 0.67% in the afternoon trade on the BSE.
Comment E-mail Print Share
First Published: Mon, Feb 16 2009. 04 45 PM IST