Rain Commodities’ promoter firm pledges 7.15% stake

18 Aug 2011

Rain Commodities’ promoter group firm - Focus India Brands has pledged its entire over 2,53,16,465 equity shares, representing 7.15% of the total paid-up equity share capital of the company to IL&FS Financial Services. Focus India had 7.15% stake in Rain Commodities and it has pledged entire shares. Promoters have 42.48% stake in the company.

Rain Commodities is engaged in the business of manufacturing cement, Calcined Petroleum Coke (CPC) and power. The company is the largest producer of CPC with a production capacity of 2.49 million tonnes per annum (MTPA). Under the cement, the company has created brand namely Priya Cement.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323