Emami promoters pledge 27.89% stake

Consumer goods major Emami today said that its three promoters Diwakar Viniyog, Suntrack Commerce and Suraj Viniyog have pledged 27.89 per cent stake of the company, for an undisclosed amount.

In a filing to the Bombay Stock Exchange, the company said that three promoters have pledged over 1.73 crore shares representing 27.89 per cent stake.

Diwakar Viniyog has pledged over 1.05 crore shares representing 16.91 per cent stake of the company, the filing added.

Suntrack Commerce has pledged 30 lakh shares representing 4.83 per cent stake of the company and Suraj Viniyog has pledged 38.20 lakh shares representing 6.15 per cent stake of the company, the it added.

Shares of Emami settled at Rs 197.55, down 3.68 per cent on the BSE.