Apparel retail major Koutons Retail has said that three of its promoters pledged 11.22 per cent stake in the firm, having over 305 million total outstanding shares.
According to the latest filing of Koutons Retail with Bombay Stock Exchange, the promoters – Davinder Pal Singh Kohli, Bhupinder Singh Sawhney and Gurmeet Singh Sawhney – collectively pledged over 34.30 lakh equity shares with lenders for an undisclosed amount.
— IndiaRetailing Bureau
