CORE says some entities sold pledged shares

CORE Education & Technologies today said that some entities have invoked promoters' pledged shares on account of margin short fall and sold the same in the market.

IFCI Financial Services was the biggest seller of the shares and sold 36,95,000 (approximately 3.69 million) shares, that were invoked on February 27, 2013.

According to a notification on the stock exchanges, the company said that Pinkhem Investment Company sold 4,00,000 shares, that were invoked on February 25, 2013. Another 1,40,00 shares were sold by Gateway Leasing Private Limited, that were invoked on the same day. Further, Prabhudas Lilladher Financial Services Private Limited sold 2,22,000 shares, that were invoked on February 25, 2013.

At 11.36 am, the shares of CORE Education and Technologies were trading at Rs 60.70 on the Bombay Stock Exchange, up by 10.67% compared to previous day's close.