Cineline India Limited — Pledging, 22-04-2025: Pledge/Unpledge
22-04-2025 | 03:36 pm
22-04-2025 | 03:36 pm
Himanshu Kanakia, as trustee of the Vrutant Benefit Trust, has reported the release of 1,87,500 equity shares of Cineline India Limited. Following this transaction, the trust retains ownership of 30,68,800 shares, which constitutes approximately 8.96% of the total share capital. The release occurred on 16-04-2025, and it was made in favor of Axis Trustee Service Limited, which holds 23,00,000 shares, about 6.71% of the total share capital. This release may positively influence investor sentiment as it reflects a reduction in encumbrance by a trustee associated with the company.
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