Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessAnnouncementsGeodesic clarifies regarding shareholding pattern

    Geodesic clarifies regarding shareholding pattern

    With regards to the shareholding pattern, Geodesic confirms that Promoter Directors have not sold shares in the open market during the quarter ended March 31, 2013. The decrease in promoter shareholding is on account of shares offered to a lending Bank, as part collateral towards short term loan taken by the Company.

    April 25, 2013 / 13:37 IST

    Geodesic Ltd has informed BSE about the following:"With regards to the shareholding pattern, we confirm that Promoter Directors have not sold shares in the open market during the quarter ended March 31, 2013. The decrease in promoter shareholding is on account of shares offered to a lending Bank, as part collateral towards short term loan taken by the Company. Promoter Directors have not received any monetary benefit from any transactions done by the bank for the shares held by them in their custody.Promoter Directors continue to be fully committed to the success of the Company."Source : BSE

    Read all announcements in Geodesic

    first published: Apr 25, 2013 01:37 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347