RattanIndia Power Promoters' Shares Released from NDU

RattanIndia Power Ltd announced the release of a Non-Disposal Undertaking (NDU) on 2,097,598,310 equity shares, representing 88.65% of promoter shareholding. These shares were initially pledged as security for a ₹550 crore working capital facility from Kotak Mahindra Bank, with Vistra ITCL (India) Limited acting as the Security Trustee. Following the release, the promoters' entire shareholding of 2,366,103,603 equity shares (44.06% of the company's equity) is now free from all encumbrances. This signifies a significant reduction in pledged shares and potential for increased promoter flexibility.