Dear Mr. Parag, thanks for sharing.
Came across two announcements:
- 21st of March: Release of 3.59 crore pedged shares.
- 22nd of March: Pledge of 4.76 crore pledged shares
Looks like transfer of pledge and additional pledging.
Pledging had come down materially from Sep to Dec.Previously, the management had guided that they will bring down the pledge by Q4FY18. Thus the status as of March will throw more light.