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17% pledged equity shares of Ansal API promoters released

The release of equity shares pledged by ‘promoters or every person forming part of the promoter group’ as one of the securities as well as additional securities for various loans availed by the company ‘Ansal API’ from the financial institutions/ banks has taken place.

 The company has successfully got release of 1,23,01,480 equity shares of the promoter shares pledged with various financial institutions/ banks during the month of October, 2012, resulting in a decrease by 17% in the shares pledged by ‘promoters or every person forming part of the promoter group.’

Consequently, the equity shares pledged by ‘promoters or every person forming part of the promoter group’ have reduced from 76.45% of the total number of equity shares held by the ‘promoters or every person forming part of the promoter group’ in the company to 59.18% [as on date] of the total number of equity shares held by the ‘promoters or every person forming part of the promoter group [hereinafter referred to as promoters] in the company.’
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