Orchid Chemicals promoters pledge 22.35% stake

In a filing to the Bombay Stock Exchange, the company said four of its promoters and a promoter group firm had pledged a total of 1,57,45,383 shares, out of total 7,04,42,076 outstanding shares of the company.

The promoters who have pledged their shares are K Raghvendra Rao, R Vijayalakshmi, R Divya and R Sowmya, while the group firm that has also pledged the shares is Orchid Health Care Pvt Ltd.

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