Big news for Raymond! 💥 Promoter J. K. Investors (Bombay) Limited just unpledged 24.87 lakh shares.

This significant release reduces the promoter's total pledged holding from 7.45% to 3.72% of Raymond's total share capital.

A positive development, as it signals reduced financial leverage and boosts promoter confidence.

These shares were originally pledged as collateral for company/group entity loans.