Resurgere Mines & Minerals Promoters pledge 12.26% stake

Resurgere Mines & Minerals India Ltd has received disclosures on pledge of shares of the Company from Promoters and Promoters Group Company. The Promoter Mr. Subhash Sharma has pledged 1,000,000 equity shares (% of Total Paid up Capital : 3.50%) with Union Bank of India, Mumbai for Credit Facility & Terms Loan.

The Promoter Mr. Subhash Sharma has pledged 600,000 equity shares (% of Total Paid up Capital : 2.10%) with ICICI Bank Ltd, Mumbai for Credit Facility & Terms Loan.

The Promoter Mrs. Neelam Sharma has Pledged 400,000 equity shares (% of Total Paid up Capital : 1.40%) with ICICI Bank Ltd, Mumbai for Credit Facility & Terms Loan.

The Promoter Group Runwell Mining Pvt Ltd has Pledged 1,500,000 equity shares (% of Total Paid up Capital : 5.26%) with Pam Glatt Pharma Tech P Ltd for Secured Loan.

The stock closed the day at Rs.54.50, up by Rs.2.55 or 4.91%. The stock hit an intraday high of Rs.54.50 and low of Rs.51.25.

The total traded quantity was 14081 compared to 2 week average of 12406.