Shareholding15 May 2026, 11:08 am
Akhil Mittal Acquires Convertible Warrants in Raama Finance
AI Summary
Akhil Mittal acquired 75,00,000 convertible warrants of Raama Finance Limited (formerly known as Ramchandra Leasing and Finance Limited) through preferential allotment. This acquisition increases Mittal's holding to 3.84% of the total diluted share/voting capital. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Akhil Mittal acquired 75,00,000 convertible warrants in Raama Finance.
- The acquisition was made through preferential allotment.
- Mittal's holding increases to 3.84% of diluted share capital.
- Disclosure made under SEBI Takeover Regulations.
- Acquisition date is May 12, 2026.
Price Impact
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