@AmitContrarian explained this in above thread. In short those two entity are promoter owned (not part of any PE firm). Those 2 firms does not have any other business and just holding shares of MedPlus. In past they acquired this shares by raising debt from PE firm. Still that amount is not repaid and they keep on doing refinance by pledging again and again.
Since that debt is a high amount and my guess is this debt will not go away unless he do part stake sale or magically he brings such huge amount. Until that time you will see this pledge and revoke keep on happening
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