Promoters holding in Time Technoplast Ltd free from pledging

Time Securities Services Private Limited (Promoter Company of Time Technoplast Ltd., - TTL) have fully repaid the Term Loan outstanding to Lenders and the Pledged Shares of TTL will be released shortly on completion of formalities by the Lenders.

A total of 62,93,120 Equity Shares (5.41% of total Promoter Holding) of Time Technoplast Ltd. was pledged as a Collateral Security against the said Term Loan which now stands as paid back.

Subsequent to the release of the above Equity Shares to the Company, 100% Promoter equity share holding will be free from any pledge.

Shares of Time Technoplast Limited was last trading in BSE at Rs. 81.89 as compared to the previous close of Rs. 81.57. The total number of shares traded during the day was 80432 in over 757 trades.

The stock hit an intraday high of Rs. 83.09 and intraday low of 81.18. The net turnover during the day was Rs. 6593166.00.

Source : Equity Bulls

Keywords

TimeTechnoplast INE508G01029 PromoterCompany TimeSecuritiesServices LoanRepayment Pledging EquityShares