Alpha Tribe

Cineline India LimitedPledging, 16-04-2025: Pledge/Unpledge

16-04-2025 · 07:04 pm

Hiral Kanakia has released 10,75,000 equity shares of Cineline India Limited from a pledged position, reducing her pledged shares from 24,28,844 (7.09% of total share capital) to 20,25,000 (5.47%). The transaction occurred on 07-04-2025. Post-release, 9,50,000 shares remain encumbered in favor of Sunil Bhagwatlal Dalal, equating to 2.77% of total share capital. This move may enhance investor confidence, suggesting a strengthening position for Hiral Kanakia in the company while maintaining a significant pledge with another stakeholder.

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