VVIP Infratech Limited has submitted a corrected disclosure clarifying details about a significant share pledge by its promoter, Mr. Praveen Tyagi.

Approximately 18.75 lakh shares, representing 7.50% of the company's total share capital, were pledged.

This pledge secured a debt of Rs 15 Cr from CSL Finance Ltd. The funds are earmarked for investments in various projects of Vibhor Vaibhav Infrahome Private Limited, a subsidiary of VVIP Infratech.

This update provides clarity on the purpose of the promoter's encumbered shares.