Announced Fri, 24 Jul · 10:22 IST
Promoter pledges 11.89 crore RBA shares to fund acquisition
RBA · price
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Price reaction · full curve 14 horizons · vs prior close
+4.7%1-day move
₹64.71
prior close
₹64.05
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.3-0.3+0.7+4.7—————————
Up moveDown movePending
AI summary
Lenexis Foodworks Private Limited (promoter, 47.80% holding) has created a pledge over 11,88,93,177 RBA shares (16.71% of capital on as-is basis) in favour of CTL Trusteeship Limited to secure debentures worth up to INR 3,873 crores. The proceeds will be used to acquire additional RBA shares under a Jan 2026 share purchase agreement and a subsequent open offer. Encumbered shares now stand at 31.05% of promoter holding.
Likely market impact
Promoter leveraging its stake to raise funds for buying more RBA shares via open offer; pledge rises to 31% of promoter holding.