AVG Logistics promoter Asha Gupta has pledged 29.10 lakh equity shares, which represent 19.33% of the company's total share capital.

This move secures a Rs 20 crore term loan for AVG Logistics, earmarked for working capital and capital expenditure.

For investors, this indicates the promoter is backing the company's operational and growth needs, with the pledged shares having a strong security cover of 4.15 times the loan amount.