ALPHA TRIBE

ID Info Business Services LtdInsider Trade, 01-01-1970: Insider Trading / SAST

01-01-1970 | 12:00 am

Al Maha Investment Fund PCC - Onyx Strategy has been allotted 31.5 lakh equity shares of Iconik Sports and Events Limited via preferential issue, increasing its stake to 9.31% of the company's expanded equity capital. The equity capital rose from Rs. 19.65 crore (1.97 crore shares) to Rs. 33.84 crore (3.38 crore shares) following this allotment. This strategic stake acquisition signals Al Maha’s growing interest in the company’s future growth potential, which could influence shareholder dynamics and support business expansion plans.

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