Wanbury Ltd updates on pledged shares and interest rate reduction

Wanbury Ltd has announced that the existing debt facilities of the Company have been taken over by Axis Finance Limited & Poonawala Fincorp Consequent to this arrangement, the pledge created on the equity shares of the Company held by members of the Promoter Group is being released to the full extent earlier held by Investec AIF & Tata Capital Limited.

Accordingly, 1,42,03,818 equity shares, representing 40.65 % of the Company's paid-up equity share capital and 94.51 % of the Promoter Group's holding, will stand free from encumbrance & pledge soon. Balance only 5.49 % of the Promoter Group's holding is pledged with SBM towards working capital facilities.

In connection with the refinancing, we further wish to inform you that the borrowing cost of the Company will be Sub 10% p.a. from 1 July 2026. This reduction is expected to lower the finance cost of the Company and support profitability in the periods ahead.

Shares of Wanbury Limited was last trading in BSE at Rs. 280.30 as compared to the previous close of Rs. 284.40. The total number of shares traded during the day was 5596 in over 267 trades.

The stock hit an intraday high of Rs. 287.50 and intraday low of 278.00. The net turnover during the day was Rs. 1592928.00.

Source : Equity Bulls

Keywords

Wanbury INE107F01022 Pharmaceuticals PledgedShares InterestRate Reduction