Emami's promoter group saw recent activity in pledged shares. On June 2, Suraj Finvest Pvt Ltd released 1.30 Cr shares (2.98% of total equity) previously pledged with DBS Bank. Following this, their total pledged holding adjusted to 1.05 Cr shares (2.41%).
However, on June 3, Suraj Finvest then pledged 1.05 Cr shares (2.41%) with Bajaj Finance. This transaction increased their overall pledged holding to 1.08 Cr shares (2.47%).
Separately, Diwakar Finvest Private Limited also had significant pledging activity on June 3. Initially, they pledged 2.68 Cr shares (6.15%) with Bajaj Finance, bringing their total pledged shares to 2.81 Cr (6.45%). Later the same day, they further pledged 2.81 Cr shares (6.45%) with HSBC InvestDirect Financials Services (India) Ltd, raising their total pledged holding to 2.82 Cr shares (6.47%).
These movements reflect a dynamic change in the promoter's encumbered holdings in early June, primarily through new pledges with Bajaj Finance and HSBC InvestDirect.