Announced Mon, 27 Jul · 11:44 IST
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.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹8.70
prior close
₹8.59
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5+1.4+1.2+0.9——————————
Up moveDown movePending
AI summary
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.
Likely market impact
Positive for sentiment as encumbrance-free holdings reduce risk of forced selling or dilution pressure.