Avantha Pledges 20.18% Stake In Ballarpur Industries

New Delhi: Avantha Holdings, a promoter entity of Ballarpur Industries, has pledged more than 13.2 crore shares or 20.18 per cent stake in the company to avail a term loan facility. "13,22,56,094 equity shares of Ballarpur Industries Ltd held by Avantha Holdings Ltd have been pledged with Vistra ITCL (formerly known as IL&FS Trust Company) on October 6 in the capacity as Security Trustee for a term loan facility availed by Avantha H...