RattanIndia Power Limited Releases Non Disposal Undertaking on Promoter Shares
RattanIndia Power Limited has announced that a significant portion of its promoters' equity shares, previously held under a Non Disposal Undertaking (NDU), have been released from restriction. The release pertains to shares originally pledged as security for the company’s working capital facility.The non disposal undertaking involved an aggregate of 209,75,98,310 equity shares of the company. These shares represented 88.65% of the promoters' total shareholding and were held under NDU in favour of Vistra ITCL (India) Limited, which acted as Security Trustee for Kotak Mahindra Bank Limited, the lender providing the working capital facility.
With this release, the entire promoter shareholding remains free from encumbrances. The company’s promoters hold a total of 236,61,03,603 equity shares, representing 44.06% of the company's equity share capital.
RTNPOWER Stock Price Movement
As of 12:08 PM, shares of RattanIndia Power Limited are rising to ₹8.69, buoyed by a 0.70% gain in live trading. The stock trades within an intraday range of ₹8.55 and ₹8.84, as the company continues its morning rally.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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