Promoter pledges 11.89 crore RBA shares to fund acquisition
RBA · price
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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.
Promoter leveraging its stake to raise funds for buying more RBA shares via open offer; pledge rises to 31% of promoter holding.