Asian Paints promoter Geetanjali Trading pledges 12,50,000 shares as loan collateral
Asian Paints promoter Geetanjali Trading and Investments Private Limited has pledged an additional 12,50,000 shares to secure a loan facility from Aditya Birla Capital Limited. After the pledge, the entity’s encumbered shares rise to 37,50,000, representing 0.39% of the company’s total share capital. It continues to hold 4,57,06,140 shares (4.77%), while all promoters together hold 50,47,85,198 shares (52.63%), with 4,81,42,227 shares (5.02%) already pledged. The pledge is described as a routine financing arrangement and does not breach any warning or trigger thresholds.