Try GOLD - Free
Lenders seize smid shares as prices fall
Hindustan Times Delhi
|April 03, 2025
A stock price plunge and, in some cases, a cash crunch has prompted creditors to take control of shares pledged by promoters of at least 15 small-cap companies over the past six months.
MUMBAI/BENGALURU:
Solar project consultant and contactor Gensol Engineering Ltd and payment solutions provider AGS Transact Technologies Ltd, two companies that recently defaulted on loans, are among the small-cap firms that reported invocation of pledged shares, according to Prime Database, a Mumbai-based markets data tracking firm.
Other such companies that saw promoter shares taken over by lenders include renewable energy producer Orient Green Power Co. Ltd, digital services assistance provider Vakrangee Ltd, ready-mix concrete provider NCL Industries Ltd, chemicals maker Sadhana Nitro Chem, and electric two-wheeler company Wardwizard Innovations & Mobility Ltd. These firms have a market cap between ₹5 crore and ₹1,500 crore.
This story is from the April 03, 2025 edition of Hindustan Times Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Delhi
Hindustan Times
Space oddities: The strangest planets we've found so far
We've stumbled upon some strange things, amid our quest to know more and perhaps meet the neighbours.
3 mins
October 12, 2025
Hindustan Times
Student gang-raped near medical college in Bengal
STUDENTS OF THE PRIVATE INSTITUTE STAGED PROTESTS, ACCUSING THE COLLEGE ADMIN OF INACTION
2 mins
October 12, 2025
Hindustan Times
Teacher booked for assaulting 16-yr-old
POLICE SAID THE STUDENT ALLEGED HE COULDN'T WALK, BUT WHEN HE TRIED TO LEAVE, THE TEACHER BLOCKED HIS WAY
2 mins
October 12, 2025
Hindustan Times
Trump considers Modi a 'great friend', says Gor
In series of meetings in Delhi, incoming US ambassador holds talks over bilateral ties, critical minerals
3 mins
October 12, 2025
Hindustan Times
NDA likely to announce seat-sharing deal today
'NO DIFFERENCES AMONG ALLIES'
1 mins
October 12, 2025
Hindustan Times
DEOBAND SEMINARY CONFERS TALIBAN'S MUTTAQI WITH 'HADITH SANAD'
Taliban foreign minister Amir Khan Muttaqi was on Saturday conferred with the \"Hadith Sanad\" (certificate of authority) by Darul Uloom Deoband, one of the most influential Islamic seminaries in South Asia.
1 min
October 12, 2025
Hindustan Times
Hry SP named in suicide note by IPS transferred
POLICE ALSO ADDED STRINGENT SECTIONS OF SC/ST ACT TO THE FIR FOLLOWING PROTEST BY THE DECEASED'S FAMILY
3 mins
October 12, 2025
Hindustan Times
Zelensky urges Trump to end Ukraine war like in ‘Middle East’
Ukrainian President Volodymyr Zelensky urged Donald Trump to broker peace in Ukraine like in \"the Middle East\" during a phone call on Saturday, saying if Trump could stop one war, \"others can be stopped as well\".
1 mins
October 12, 2025
Hindustan Times Delhi
Indian wolf finds place on IUCN's danger list; only 3k left in the wild
The Indian wolf (Canis lupus pallipes), one of the most ancient and elusive wolf lineages in the world, has entered the International Union for Conservation of Nature (IUCN)'s Red List of Threatened Species as 'Vulnerable', with only 2,877 to 3,310 mature animals estimated to be surviving in the wild.
1 mins
October 12, 2025
Hindustan Times Delhi
Capital enters pre-winter pollution season, AQI rises
Delhi's air quality deteriorated sharply on Saturday, with the 24-hour average air quality index touching 199 - just one point shy of the \"poor\" category - as the Capital enters the pre-winter pollution season marked by stagnant winds and temperature inversions that trap pollutants near the ground.
2 mins
October 12, 2025
Listen
Translate
Change font size