IIRM Holdings India Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

IIRM Holdings’ promoter, Vurakaranam Ramakrishna, has placed 2 crore equity shares, representing 29.35% of the company's total share capital, under a Non-Disposal Undertaking. These shares, 51.03% of the promoter's holding, are in favor of Axis Trustee Services Limited. This move secures Non-Convertible Debentures (NCDs) worth 65 Cr, issued by India Insure Risk Management, a wholly-owned subsidiary. The shares, valued at 161.66 Cr, provide strong collateral for the NCDs. The funds raised will fuel the subsidiary's organic and inorganic growth.