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Published

Rising promoter pledge singes Kalyan Jewellers stock

Summary by TheSpuzz
Source: Live Mint Panicky investors hammered the shares of Kalyan Jewellers Ltd following a stock market disclosure on Monday that the company’s promoters had pledged an additional 5.79% of their shares last week. That takes Kalyan Jewellers’ total promoter pledge to 25.87%, per BSE data. The stock had lost a third of its value despite Kalyan Jewellers’ management early last week seeking to quash rumours of a tax raid and of bribes paid to a f…
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