The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 28, 2026 for J K Investors (Bombay) Ltd
RAYMOND · price
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J.K. Investors (Bombay) Ltd, a promoter entity of Raymond Ltd, has disclosed the release of pledges on 24,75,000 shares (3.72% of total share capital) with Aditya Birla Capital Limited. The releases occurred on May 20, 2026 and were reported on May 27, 2026. The pledges were originally created as collateral for loans taken by the company/group companies. After these releases, J.K. Investors' entire pledged holding has been freed, bringing their post-event encumbered holding to zero. J.K. Investors continues to hold 1,98,61,793 shares (29.83%) in Raymond Ltd, but none are now pledged. Other promoter entities in the group (J.K. Helene Curtis, J.K. Investo Trade, etc.) hold a combined additional 18.03%, with no encumbrances on their shares.
The full release of promoter pledges indicates reduced financial stress on the promoter entity and improves the free float of shares. This is a positive signal for minority shareholders as it reduces the risk of forced share sales to meet loan obligations.