Nagarjuna Fertilizers promoters pledge 24.56% stake

Nagarjuna Fertilizers & Chemicals today said its promoters have pledged a 24.56 per cent 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 10.51 crore shares, representing a 24.56 per cent stake of the company.

KS Raju and Associates Holdings has pledged over 1.28 crore shares, representing a three per cent stake, and KRR Holdings has pledged over 75 lakh shares, a 1.76 per cent stake in the company, the filing added.

Further, Corporate Securities and Holdings has pledged over six lakh shares, representing a 0.16 per cent stake, and Paschim Holdings has pledged a 0.13 per cent stake, over five lakh shares of the company, the filing said.

Nagarjuna Management Services has pledged over 4.77 crore shares, an 11.15 per cent stake in the company, and Chinnar Securities has pledged over 40 lakh shares, a 0.94 per cent stake, it added.

Nagarjuna Holdings has pledged 3.17 crore shares, representing a 7.42 per cent stake of the company, it said.