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Gillette India on Tuesday said its promoters have pledged over 2.15 lakh equity shares for a total value estimated to be around Rs 38.37 crore.
In a disclosure to the BSE, the company said, its promoter Mr Saroj Kumar Poddar has pledged 1,39,480 shares on May 19. Also, another promoter Mr Akshay Poddar has pledged all 76,923 shares held by him in the company on the same day.
Based on the closing share price of Rs 1,820 on May 19, Mr S.K. Poddar's pledged shares is valued at around Rs 25.38 crore, while that of Mr Akshay Poddar is about Rs 13.99 crore aggregating the value of the total pledged shares by them to Rs 38.37 crore.
The company's scrips closed at Rs 1,820, down 0.31 per cent from the previous close on the BSE.
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