PVR INOX Shares Plummet as Promoter Ajay Bijli Pledges Lakhs of Shares – Investors on Edge!

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AuthorRiya Kapoor|Published at:
PVR INOX Shares Plummet as Promoter Ajay Bijli Pledges Lakhs of Shares – Investors on Edge!
Overview

PVR INOX shares fell nearly 2% to ₹994.60 on Tuesday after promoter Ajay Kumar Bijli pledged 4 lakh equity shares for personal borrowing on December 24. The shares were encumbered with Infina Finance Private Limited and HSBC InvestDirect Financial Services (India) Limited. This comes as the stock has already declined about 25% over the past year.

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