Mumbai: Consumer durables major Videocon Industries on Monday said its promoters have pledged 36.41% stake of the company for an undisclosed amount.
In a filing to the Bombay Stock Exchange, the company said that its promoters have pledged over 8.35 crore shares, representing 36.41% stake of the company.
Keshardhoot Investment and Shree Dhoot Trading and Agencies have pledged over 1.2 crore each, representing 5.30% stake each of the company, the filing added.
Another promoter Dome-Bell Electronics India has pledged 1.95%, which includes 1,39,260 shares, in favour of State bank of Hyderabad. Akshay R Dhoot has pledged 4,000 shares and Sushma R Dhoot has pledged 600 shares with State Bank of Hyderabad.
Besides, rest of the promoters have pledged over 5.4 crore shares representing 23.33% stake of the company.
Shares of Videocon Industries were trading at Rs96.40, up 0.94% in the afternoon trade on the BSE.