PVR Inox Shares Plunge 2% as Promoter Ajay Bijli Pledges 4 Lakh Shares

• PVR Inox shares dropped over 2% on December 30 after promoter Ajay Bijli pledged 4 lakh shares for personal borrowing.
• Bijli pledged 3.10 lakh shares to Infina Finance and 90,037 to HSBC InvestDirect, bringing his total pledged shares to 29.44 lakh (3% of company capital).
• Share pledging allows promoters to secure loans using shares as collateral without diluting equity.
• The stock closed at Rs 996, its lowest in nearly five months, and has fallen 4% in 5 days and 9% in one month.
• Despite a brief surge from the movie "Dhurandhar," the stock failed to maintain momentum, showing a 24% decline year-to-date.

Why It Matters: PVR Inox shares fell after promoter Ajay Bijli pledged a significant portion of his holdings for personal loans.