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Vishnu Prakash R Punglia Ltd. ( (IN:VPRPL) ) has issued an announcement.
Vishnu Prakash R Punglia Limited announced that its promoters have sold 9.15% of their equity holdings and pledged 1.78% of the equity held by Managing Director Manohar Lal Punglia. This strategic move aims to infuse additional liquidity into the company, with proceeds being extended as an interest-free loan to support operational requirements, working capital needs, and future growth initiatives. Despite the reduction in holdings, the promoters maintain a significant stake and are committed to the company’s long-term success. The company assures stakeholders of its financial stability, strong order book, and strategic focus on sustained growth.
More about Vishnu Prakash R Punglia Ltd.
Vishnu Prakash R Punglia Limited is an ISO 9001:2015 certified company operating as an engineer, contractor, and designer. The company is based in Jodhpur, Rajasthan, with a corporate office in Mumbai, Maharashtra. It focuses on providing engineering and construction services.
Average Trading Volume: 131,848
Technical Sentiment Signal: Sell
Current Market Cap: 12.04B INR
For detailed information about VPRPL stock, go to TipRanks’ Stock Analysis page.