RattanIndia Power Promoter NDU Release on 209.75Cr Shares

Key Quantitative Details

• Shares Released from NDU: 209,75,98,310 equity shares
• Percentage of Promoter Shareholding Released: 88.65% of promoters' shareholding
• Total Promoter Shareholding: 236,61,03,603 equity shares
• Percentage of Total Equity: 44.06% of company's equity share capital
• Working Capital Facility Amount: ₹550 crore

Parties Involved

• Promoters: RattanIndia Power Limited promoters (not individually named)
• Security Trustee: Vistra ITCL (India) Limited
• Lender: Kotak Mahindra Bank Limited

Transaction Details

The Non Disposal Undertaking was originally provided as security for the working capital facility of ₹550 crore availed by the Company from Kotak Mahindra Bank Limited. Vistra ITCL (India) Limited acted as the Security Trustee for the benefit of the lender.

Current Status

Following the release, the entire promoter shareholding of 236,61,03,603 equity shares (representing 44.06% of the company's equity share capital) is now free from all encumbrances of any nature.