"Promoters of the company have indicated that they are exploring possibility to set aside approximately 40 lac equity shares (Rs. 5/- each fully paid up) held in the Company for charitable/philanthropic purpose," Aarti Industries said in a regulatory filing.
As per the stock exchange data, the promoters at present holds 4,56,55,398 shares equivalent to 54.79 per cent stake in the company.
The company's share price today increased by 0.62 per cent to close at Rs 500.50 apiece on the BSE. Its market cap stood at Rs 4,170.19 crore.
Chandrakant Gogri is Chairman Emeritus of the company. Rajendra V.Gogri is Chairman and Managing Director of the company, says the company website.
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