Alpha Tribe

Ramchandra Leasing & Finance LtdInsider Trading, 01-01-1970: Insider Trading / SAST

01-01-1970 · 12:00 am

Promoter Akhil Mittal has strengthened their potential stake in Raama Finance Limited by acquiring 7.50 Cr convertible warrants through a preferential allotment. Before this, the promoter held 2.23 Cr shares, representing 27.46% of the company's voting capital. These acquired warrants represent 3.84% of the total diluted voting capital, which stands at 19.52 Cr shares. Upon conversion, the promoter's combined holding of shares and warrants would amount to 15.26% of the diluted share capital, signaling a long-term commitment.

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