ALPHA TRIBE

Valor Estate LimitedPledging, 24-08-2026: Pledge/Unpledge

24-08-2026 | 03:21 pm

Valor Estate's promoter, Neelkamal Tower Construction LLP, has unpledged 3.18 crore shares (5.86% of total equity). These shares were originally pledged against a loan facility sanctioned by HDFC Limited (now HDFC Bank Ltd.) to MIG (Bandra) Realtors & Builders Pvt. Ltd., a wholly-owned subsidiary. The subsidiary has fully repaid the facility, leading to the release of these shares. This significantly reduces the promoter's total encumbered holding from 6.18 crore shares (11.39%) to 3.00 crore shares (5.53%), a positive development for investor sentiment.

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