Shareholding25 Jul 2026, 11:00 am
Rajapalayam Mills Pledges 6.32 Lakh Ramco Cements Shares
AI Summary
Rajapalayam Mills Ltd has created a pledge on 6,32,000 equity shares of The Ramco Cements Limited in favor of TATA Capital Limited. This is in addition to an existing pledge of 11,05,800 equity shares. The new pledge, amounting to 0.27% of the total share capital, is for security against borrowing. This disclosure is made in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The total encumbered shares by Rajapalayam Mills Ltd now stand at 1,85,21,625, representing 7.84% of the total share capital.
Key Highlights
- Rajapalayam Mills pledged an additional 6.32 lakh shares of Ramco Cements.
- The pledge is in favor of TATA Capital Limited for borrowing purposes.
- This increases the total pledged shares by Rajapalayam Mills to 1.85 crore.
- The disclosure complies with SEBI Takeover Regulations.
- Encumbered shares now represent 7.84% of Ramco Cements' total capital.
Price Impact
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