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

01-01-1970 | 12:00 am

Algoquant Financials LLP, a promoter entity, has announced the release of encumbrance on 27.75 lakh equity shares of Algoquant Fintech Limited, constituting 8.88% of the company's total share capital. These shares were previously pledged for fund-raising. The company clarified that while these shares were released from the F&O segment, they were simultaneously re-pledged in the commodity segment with the same entity. This indicates a reclassification of the pledge rather than a net reduction in the overall pledged shares for the promoter group.

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