Aban Offshore, 11 others disclose their pledge shares
BS Reporter / Mumbai Feb 10, 2009, 15:46 IST
Following Tata Coffee's disclosure, 12 other companies declared their pledged shares on the Bombay Stock Exchange and National Stock Exchange.
Aban offshore disclosed that the company has pledged 8.14 per cent of the total outstanding shares of the company.
Another Tata group company, Indian Hotels said that 3.46 per cent of its total shares are pledged with financial institutions. Other major disclosures include Bajaj Auto that has pledged 2.57 per cent of its shares, Kamat Hotels has pledged 4.2 per cent shares, Madras Cements has pledged 2.11 per cent and Uttam Sugar Mills have pledge 23.28 per cent of the total out standing shares of the company.
The other mid and small enterprises companies that declared pledged shares, include Blue Coast Hotels and Resorts (19.82 per cent), South Asian Petrochem (22.75 per cent), Aksh Optifibre (1.69 per cent), Sudal Industries (37.72 per cent) Reliance Chemotex Industries (16.91 per cent) and KEI Industries (4.59 per cent).
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