Shareholding3 Jun 2026, 05:22 pm
Ravindra Energy: Promoter Releases 55 Lakh Shares from Pledge
AI Summary
Khandepar Investments Pvt Ltd, a promoter of Ravindra Energy Limited, has reported the release of a pledge on 55,00,000 equity shares. These shares were originally pledged as security for a loan obtained by the company, which has now been repaid. The revocation of the pledge signifies a reduction in the encumbrance on promoter holdings, potentially improving the free float of shares.
Key Highlights
- Promoter Khandepar Investments released 55 lakh shares from pledge.
- Shares were pledged as security for a company loan.
- Loan has been repaid, leading to the release of shares.
- This reduces encumbrance on promoter holdings.
- Disclosure made under SEBI (SAST) Regulations, 2011.
Price Impact
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