Promoters pledged 3% of Salzer for the stated purpose “Provided as a security to Tata Capital Financial Services for its Loan Facilities to Salzer Spinners (Promoter Body Coprorate) for acquisition of equity stake in Salzer Electronics Limited”
I translate it as Promoter pledging of shares to get funds to increase their stake in Salzer Electronics Limited.
This looks like a bullish sentiment shared by Promoters to me.
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