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Emami's promoter group has pledged additional shares. Suraj Finvest Private Limited pledged 5,361,992 shares (1.23% of total capital) on Dec 16. Diwakar Finvest Private Limited pledged 20,648,014 shares (4.73% of total capital) on Dec 19. Both pledges were made to Bajaj Finance. This development increases the total promoter shares under pledge and is closely watched by investors for potential market impact.