StockWatch
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Non Banking Financial Company (NBFC)
Shareholding4 Aug 2026, 10:41 am

Raama Finance Promoters Pledge Shares for Term Loan

AI Summary

Raama Finance Limited announced that its promoters, Mr. Akhil Mittal and Mrs. Pratika Sharma, have created an encumbrance (pledge) on a portion of their shares. This action, reported on August 3, 2026, involves 39,06,250 shares each, representing 4.81% of the total share capital for both promoters. The encumbrance is a pledge of shares to Mufin Green Finance Limited, executed on July 31, 2026, to secure a term loan taken by the target company, Raama Finance Limited. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Key Highlights

  • Promoters Akhil Mittal and Pratika Sharma pledged shares.
  • Encumbrance created for a term loan taken by the company.
  • 39,06,250 shares pledged by each promoter.
  • Pledge is in favor of Mufin Green Finance Limited.
  • Disclosure filed under SEBI Takeover Regulations.