IITL Projects Ltd — Insider Trade, 01-01-1970: Insider Trading / SAST

Nimbus Projects Limited has announced a board meeting. The company disclosed that following a merger involving several private entities, it will become the majority shareholder of N.N. Financial Services Private Limited, which is a promoter of IITL Projects Limited. This results in an indirect acquisition of equity shares in IITL and its listed subsidiary, the Target Company. The change reflects an expansion in Nimbus's influence over IITL and its subsidiary, potentially impacting their strategic direction and shareholder value. There is no direct change in the Target Company’s shareholding.