Shareholding8 Sept 2026, 02:01 pm
Veefin Solutions Promoter Raja Debnath Pledges 8.9 Lakh Shares
AI Summary
Veefin Solutions Limited announced that promoter Raja Debnath has created an encumbrance by pledging 8,89,973 shares, representing 3.34% of the total share capital, in favour of Kotak Mahindra Bank Limited. This pledge is for collateral against a Term Loan. The disclosure is made under SEBI (SAST) Regulations, 2011. Raja Debnath's total promoter shareholding is 88,69,525 shares (34.73% of total share capital), with 17.03% of his holding now encumbered.
Key Highlights
- Promoter Raja Debnath pledged 8,89,973 shares of Veefin Solutions.
- The pledge is for collateral against a Term Loan from Kotak Mahindra Bank.
- Encumbered shares represent 3.34% of the company's total share capital.
- This action falls under SEBI (SAST) Regulations, 2011.
- 17.03% of Raja Debnath's promoter holding is now encumbered.
Price Impact
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