Strides Pharma Science Limited’s Promoter Group have released a substantial pledge of over 38%, taking the current overall promoter group pledge at 25.98% of the promoter holding and 7.71% of the paid-up capital of the company.
“Promoter Group of the company have released substantial pledge of over 38%. Currently, the overall promoter group pledge stands at 25.98% of the promoter holding and 7.71% of the paid up capital of the company (as compared to 41.96% of the promoter holding and 12.45% of the paid up capital as at May 7, 2021, resulting in reduction of pledge by 38%),” the company said in a regulatory filing on Monday.
At around 2.15 PM, Strides Pharma Science Ltd was trading at Rs804 per piece up by Rs8.05 or 1.01% from its previous closing of Rs795.95 per piece on the BSE.