SMS Pharma promoter Potluri Infra pledges 8 lakh equity shares to Vistra; stock jumps 3%

Promoter Group of the company Potluri Infra Projects has pledged total 8 lakh shares on December 7.

December 09, 2020 9:40 IST India Infoline News Service

SMS Pharmaceuticals Limited informed the exchanges on Tuesday that Potluri Infra Projects LLP, Promoter Group of the company has pledged 8,00,000 (0.95%) equity shares of the company, on December 7, 2020 in favour of Vistra ITCL India Limited.

Accordingly, Potluri Vamsi Krishna holding 80,10,590 equity shares pledged 25.35% of equity shares (20,30,590) and Potluri Infra Projects LLP holding equity shares 61 ,04,100 has pledged 62.26% of equity shares (38,00,000).

At around 9.42 am, SMS Pharmaceuticals Ltd was trading at Rs99.20 per piece up by Rs3.05 or 3.17% from its previous closing of Rs96.15 per piece on the BSE.

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