Share Price of Kalyan Jewellers Declines Following the Promoters’ Stock Pledge Action
After the proprietors committed a further 2.5 crore shares, bringing the total number of pledged shares to 11 crore, Kalyan Jewellers’ shares dropped 3%. After the company’s promoters increased their commitment to their shareholding, the share price of Kalyan Jewellers fell 3% on Thursday, February 6. According to an exchange filing, the business’s proprietors made…