Zetwerk promoters pledge 32% of holding ahead of IPO
Bengaluru: Nearly a third of the shares held by Zetwerk’s founders and promoter group have been pledged against borrowings, with part of the arrangement set to remain in place even after the manufacturing company’s proposed IPO.According to Zetwerk’s updated draft prospectus, around 10.2 crore shares, or 32.18% of the combined holding of the promoters and…
