Promoters of Ansal Properties release 1.23 cr pledged shares
New Delhi: Realty firm Ansal Properties and Infrastructure Monday said its promoters have released 1.23 crore shares pledged with financial institutions and banks.
As a result, the shares pledged by promoters have come down to 59.18 percent out of their total stake in the company as against 76.45 percent earlier.
Promoters held 46.55 percent stake in Ansal Properties and Infrastructure Ltd as on June 30, 2012.
"The company has successfully got release of 1,23,01,480 equity shares of the promoter pledged with various financial institutions/banks during October 2012," the company said in a statement.
This has resulted in a decrease by 17 percent in the shares pledged by promoters, it added.