Promoter shares freed from Non Disposal Undertaking
RTNPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 0.1 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoters of RattanIndia Power have had 209.76 crore equity shares (88.65 percent of their holding) released from a Non Disposal Undertaking (NDU). These shares were placed as security for a Rs. 550 crore working capital facility from Kotak Mahindra Bank. As a result, the entire promoter shareholding of 236.61 crore shares (44.06 percent of equity capital) is now free from all encumbrances.
Positive for sentiment as encumbrance-free holdings reduce risk of forced selling or dilution pressure.