Ravindra Energy: Promoter Revokes Pledge on 55 Lakh Shares Worth ₹68 Crore

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AuthorAnanya Iyer|Published at:
Ravindra Energy: Promoter Revokes Pledge on 55 Lakh Shares Worth ₹68 Crore
Overview

Ravindra Energy's promoter, Khandepar Investments Private Limited, has revoked the pledge on 55 lakh shares valued at ₹68.37 crore. This action follows the repayment of a debt facility and indicates improved promoter leverage, reducing potential selling risks.

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Ravindra Energy Promoter Revokes Pledge on Shares Worth ₹68 Crore

Promoter Khandepar Investments Private Limited (KIPL) has revoked the pledge on 55,00,000 equity shares of Ravindra Energy Ltd. The transaction value is ₹68.37 crore.

Reader Takeaway: Positive governance signal with reduced promoter leverage, while promoter shareholding remains stable.

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