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Shares of Radico Khaitan may feel pressure following one of its promoters pledging more shares with a financial institution. In a post-market-hours disclosure, it said Sapphire Intrex has pledged 3.15 lakh shares, taking the total shares pledged to 40.05 lakh shares (3.01 per cent) from 36.9 lakh shares (2.77 per cent). These shares were pledged with IIFL on March 30. Already liquor shares are under pressure after Bihar went dry from April 5.
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