ALPHA TRIBE

Patel Engineering LimitedInsider Trade, 02-07-2025: Insider/ Institutional Trade

02-07-2025 | 02:56 pm

Patel Engineering Limited disclosed that Catalyst Trusteeship Ltd, acting as Debenture Trustee for debenture holders, has taken pledge of 2.93 crore shares of the company as security for Optionally Convertible Debentures issued by Raahitya Constructions Private Limited. This increased shares pledged from 27.45% to 30.92% of total voting capital. The shares pledged belong to Ms. Janky Patel. This could impact investor sentiment given the rising encumbrance on promoter shares.

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