ALPHA TRIBE

Cineline India LimitedPledging, 24-04-2025: Pledge/Unpledge

24-04-2025 | 05:29 pm

Rasesh Kanakia, as trustee of Rupal Kanakia Trust, has released 20,25,000 equity shares of Cineline India Limited from a pledge on April 7, 2025. This event reduces the encumbered shares from 30,68,800 shares (8.96% of total share capital) to 29,25,000 shares (8.54% of total share capital). The release was initiated for personal use by the promoter. Investors may view this as a positive development, indicating potential liquidity and reducing encumbrances related to the trust's holdings.

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