Steel Strips Wheels Ltd., a leading supplier to Indian & Global Automobile Manufacturers has updated regarding release of shares and status of pledged shares of the promoter group of the company.
The company informed that the promoters along with the persons acting in concert hold 9797402 equity shares in Steel Strips Wheels Limited, which is 62.77% of the total paid up capital of the company and out of which 4336833 equity shares were pledged which is 27.78% of totai paid up capital of the company and 44.27% of total promoter shareholding.
On February 16, 2021, 2,00,000 shares were released from the pledge and accordingly, now the number of share pledged has been reduced to 4136833, which is 26.50% of total paid up capital of the company and 42.22% of total promoter shareholding.
Steel Strips Wheels Ltd ended at Rs685 per piece up by Rs24.45 or 3.7% from its previous closing of Rs660.55 per piece on the BSE.