Diwakar Finvest releases encumbered Emami shares, reducing pledge

Diwakar Finvest Private Limited, a promoter of Emami Limited (BSE: EMAMILTD), has disclosed the release of encumbered shares, according to a regulatory filing dated April 11, 2025. The release involved 2,297,640 shares previously pledged to Bajaj Finance Limited, reducing Diwakar Finvest’s encumbered stake to 5.17% with 22,556,317 shares. An additional 270,000 shares were released from Aditya Birla Finance Limited, reducing Diwakar Finvest's pledge by that amount. Suraj Finvest Private Limited also released pledged shares from DCB Bank Limited (50,000 shares) and IndusInd Bank Limited (150,000 shares). These releases were conducted as per agreements with the respective lenders. Following these transactions, the remaining encumbered shares held by Suraj Finvest now stand at 7,011,992, representing 1.61% of Emami's total share capital. The filing was made in compliance with Regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.