The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 29, 2025 for K Raheja Corp Pvt Ltd
SHOPERSTOP · price
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Awaiting price reaction for this filing.
K Raheja Corp Pvt Ltd, part of the promoter group of Shoppers Stop, has disclosed encumbrance changes under SEBI SAST Regulation 31. On August 25, 2025, a total of about 70.77 lakh shares (roughly 6.4% of total share capital) held across Cape Trading LLP, Anbee Constructions LLP and K Raheja Corp itself were released from an existing pledge with IDBI Trusteeship Services (acting as security trustee for HDFC Bank). On August 29, 2025, the same quantum of shares was freshly pledged in favour of Aditya Birla Capital Ltd as collateral for a facility availed from them. The total promoter holding stays unchanged at around 65.5% of Shoppers Stop, with the pledge merely shifting lenders.
This is essentially a refinancing of promoter borrowings — pledged shares moved from HDFC Bank to Aditya Birla Capital, with no change in the number of encumbered shares or promoter ownership. Neutral event for shareholders; signals ongoing promoter leverage but no dilution, sale, or change of control risk.