Business

Hatsun founders repay loans, freeing pledge

Promoters of Hatsun Agro Product have repaid loans availed against a portion of their shares and released the entire pledge, the company said. Chairman R.G. Chandramogan had pledged 6 lakh shares representing 0.28% of share capital to Kotak Mahindra Bank, while MD C. Sathyan had pledged 18.7 lakh shares representing 0.87% of share capital to Aditya Birla Money Ltd.

With this, the total shareholding of the promoter and promoter group is now free from all encumbrances, the dairy product maker said in a regulatory filing.

The company also announced the opening of its 160 Ibaco outlet in Chennai.


Our code of editorial values

This article is closed for comments.
Please Email the Editor

Printable version | Sep 26, 2021 8:50:23 AM | https://www.thehindu.com/business/hatsun-founders-repay-loans-freeing-pledge/article35571616.ece

Next Story