Hi… I’m just wondering about the promoter pledge, the reason mentioned is questionable. They used the pleadge amount to issue new NCDs to promoter group to reetire the previous NCDs. it’s like a circular and repeated transactions. I don’t understand the logic. Can anyone explain this ? https://www.bseindia.com/xml-data/corpfiling/AttachHis/1757C86C_D33B_447A_83E5_293539E0CD25_122454.pdf
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