Kamat Hotels promoters pledge 47.09% stake

Hospitality major Kamat Hotels India today said its promoters have pledged 47.09 per cent stake of the company for an undisclosed amount.

In a disclosure to the Bombay Stock Exchange, the company said that promoters have pledged 6,214,750 shares representing 47.09 per cent stake of the company.

Kamat Holdings has pledged 13,62,000 shares, representing 10.32 per cent, Indira Investments has pledged 406,250 shares, or 3.08 per cent stake, the filing added.

Further, Plaza Hotels has pledged 27,19,500 shares, representing 20.61 per cent stake, and Kamat Development has pledged 8,00,000 shares, or 6.06 per cent stake, it added.

Similarly, Venketesh Hotels has pledged 6,77,000 shares, representing 5.13 per cent, and Vithal V Kamat and Vidya V Kamat have pledged 1.89 per cent stake that is 2,50,000 shares of the company, it added.