Shoppers Stop's promoter group, including K Raheja Corp Private Limited, Cape Trading LLP, and Anbee Constructions LLP, recently moved a significant portion of their pledged shares.

A total of 70,77,204 shares, representing approximately 6.43% of the company's total share capital, were first released from a pledge with HDFC Bank Limited.

Shortly after, the *same* block of shares was re-pledged to Aditya Birla Capital Limited as collateral for a new facility.

This activity indicates a change in the lender for existing pledged shares rather than a net change in the overall promoter pledge level. #ShoppersStop #PledgeUpdate