Wockhardt promoters' pledge of shares released

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SummaryThe promoters of Wockhardt said they released pledge of shares held in the company.

The promoters of Wockhardt on Tuesday said they released pledge of shares held in the company.

The 69,716,132 equity shares held by Khorakiwala Holdings and Investments Pvt Ltd and 442,785 equity shares held by Dr Habil Khorakiwala were released, a company statement said here.

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With these, there are no promoters shares which are now pledged, the release said.

Wockhardt technology is an intensive global pharmaceutical and biotechnology company. It has a significant presence in USA, Europe and India, with 83 percent of its global revenues coming from international businesses.

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