Rajapalayam Mills Limited, a promoter of The Ramco Cements Limited, recently pledged an additional 6,32,000 equity shares of The Ramco Cements in favor of TATA Capital Limited.

This pledge serves as security for borrowing.

Following this, the total number of The Ramco Cements shares pledged by Rajapalayam Mills Limited now totals 1,91,53,625, which accounts for 8.11% of The Ramco Cements' total share capital.

Rajapalayam Mills Limited holds 3,21,69,264 shares in The Ramco Cements, implying that almost 60% of their stake is currently encumbered.

Investors typically monitor promoter share pledges as they can signal increased financial leverage.