- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Raymond's promoter, J. K. Investors (Bombay) Limited, has pledged an additional 500,000 shares, which represents 0.75% of the company's total equity. These shares were pledged with Bajaj Finance Limited to serve as collateral for loans taken by Raymond or its group companies. Following this transaction, the promoter's total encumbered (pledged) shareholding has increased from 3.85% to 4.60% of Raymond's share capital. This move provides funding for the company/group, but investors should note the increase in promoter's pledged holdings.