What to watch. Eyes on Nath Bio-Genes as pledged shares revoked

Nath Bio-Genes (I) has informed the exchanges that promoters have released the shares they have pledged with ARCIL, the financial institution. The promoters had pledged those shares as security for loans. According to shareholding data available with the exchanges, of the 77.32 lakh shares, promoters had pledged 45.31 lakh shares as of March end. Following the settlement, no shares of the promoters are now pledged with ARCIL, the company said.