Diwakar Finvest increases stake in Emami through share pledge
Diwakar Finvest Private Limited, a promoter entity of Emami Limited, disclosed an increase in its encumbered stake in the company, as per Regulation 31(1) of SEBI's Takeover Regulations. The disclosure, dated February 28, 2025, reveals that Diwakar Finvest created a pledge of 990,000 shares, representing 0.23% of Emami's total share capital, in favour of Bajaj Finance Limited. Following this transaction, Diwakar Finvest's total encumbered holding in Emami has risen to 17,694,957 shares, or 4.05% of the total share capital. The pledge was executed on February 27, 2025. Diwakar Finvest holds a total of 98,667,956 shares in the target company.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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