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Algoquant Fintech LtdInsider Trade, 01-01-1970: Insider Trading / SAST

01-01-1970 | 12:00 am

Algoquant Financials LLP, promoter of Algoquant Fintech Limited, has updated disclosures on encumbrances against its equity shares. The promoter holds 73.68% of shares, with 27.26% of that holding currently pledged as security for margin trading obligations. Encumbrances were created on multiple occasions involving entities like Globe Capital Market Limited and Growth Securities Private Limited, primarily via pledge. These pledges do not relate to any debt instrument or raise funds for the listed company, but rather support the promoters' margin trading activities. This indicates promoter shareholding is partly leveraged, which investors should monitor.

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