Alpha Tribe

Cineline India LimitedPledging, 11-04-2025: Pledge/Unpledge

11-04-2025 · 04:51 pm

Himanshu Kanakia, as trustee of the Hiral Kanakia Trust, has released 20,25,000 equity shares of Cineline India Limited from pledge. This transaction reduces the trust's pledged shares from 30,68,800 (8.96% of total share capital) to 29,25,000 (8.54% of total share capital). The release was completed on 07-04-2025. The shares were released in favor of Sunil Bhagwatlal Dalal, who now holds 9,00,000 shares (2.63% of total share capital). This release may indicate increased confidence in the company's stability, which could be positive for investor sentiment.

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