Cinemax India, owners of multiplex properties, informed today that two of its promoters have pledged 41 per cent stake for an undisclosed amount.

According to official release, two of its promoters have pledged 1,14,80,000 shares representing 41 per cent stake.

Mr Rasesh Kanakia has pledged 53,17,000 shares representing 19 per cent, while Mr Himanshu B Kanakia has pledged 61,63,000 shares, or 22 per cent stake, the release added.

In a separate announcement, Mangalore Chemicals & Fertilizers, a part of the UB Group, notified that its promoters have pledged 19.91 per cent stake for an undisclosed amount.

In a communiqué the company said that its promoters group -- United Breweries (Holdings), McDowell Holdings and United Spirits -- has pledged over 2.35 crore shares representing 19.91 per cent stake in the company.