Monday, 22 July 2013

Gitanjali gems promoter Mehul Choksi pledges nine lakh shares:-

Gitanjali gems promoter Mehul Choksi pledges nine lakh shares:-


NEW DELHI: Gitanjali GemsBSE -4.96 %promoter Mehul Choksi has pledged 9.18 lakh shares to Edelweiss Financial Services LtdBSE -0.50 %.

After the pledging of these shares, Choksi's unpledged holding in the company has come down to about 3.19 crore shares or 34.65 per cent stake from about 3.28 crore shares equivalent to 35.65 per cent stake, the company informed in a filing to the BSE.

As on June 30, Choksi had 47.40 per cent stake in the company.

On July 18 trading activities of 26 entities, including Gitanjali Gems promoter Mehul Choksi and firms linked to Prime Broking, were suspended by market regulator Sebi and the bourses, as part of probe into suspected market manipulations.

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