Rajapalayam Mills releases pledge on 4.7 lakh Ramco Cements shares

Pledge ReleasedOwnership Changes View source PDF

RAMCOCEM · price

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▲ 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

—1-day move

₹915.60

prior close

₹907.00

base price

After-mkt

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AI summary

Rajapalayam Mills Limited, a promoter of The Ramco Cements, released a pledge on 4,70,000 shares (0.20% of share capital) pledged with Barclays Investments and Loans India. The release was due to loan repayment. Post-release, pledged promoter shares stand at 1.85 crore (7.84% of capital), down from 1.90 crore (8.04%). Total promoter group holding remains unchanged at 42.56%.

Likely market impact

Reduces encumbered promoter shares, signalling deleveraging. No change in actual promoter ownership.