The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 21, 2025 for J.K. Investors (Bombay) Ltd
RAYMONDLSL · price
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Awaiting price reaction for this filing.
Promoter entity J.K. Investors (Bombay) Ltd disclosed release of pledge on 33,38,570 shares (about 5.48% of Raymond Lifestyle's total share capital) on April 11, 2025. The pledge was held with Standard Chartered Capital Limited and was released due to repayment of a loan taken by the company. After the release, J.K. Investors (Bombay) Ltd continues to hold 2,31,65,400 shares (38.02% of total capital), of which 87,16,033 shares (14.31%) remain pledged. Other promoter group entities including J.K. Investo (India) Ltd (10.87%) and J.K. Helene Curtis Ltd (4.72%) have no encumbrance on their holdings.
This is a positive signal for shareholders as the promoter group is reducing its pledged shares by repaying debt, which lowers the risk of forced selling in the stock. Combined promoter holding remains comfortably above 50%, so control of the company is unaffected.