Announced Thu, 27 Aug · 10:25 IST
Board approves pledge of associate shares and new LLP investment
RMC · 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
-3.8%1-day move
₹256.85
prior close
₹254.55
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.1+0.1-0.1-3.8-5.8-9.5-14.0-11.6-9.3-11.6———
Up moveDown movePending
AI summary
RMC Switchgears board approved pledging its 51 percent stake in associate Intelligent Hydel Solutions (IHSPL) as security for a loan that IHSPL took from Aseem Infrastructure Finance. RMC also approved investing in RMC NextGen Systems LLP where it will hold 51 percent stake. Board meeting held Aug 27, 2026.
Likely market impact
Pledging majority stake in associate as loan collateral exposes RMC to IHSPL debt obligations. New LLP investment signals expansion plans.