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SDC Techmedia LtdInsider Trading, 01-01-1970: Insider Trading / SAST

01-01-1970 | 12:00 am

SDC Techmedia promoter Fayaz Usman Faheed has pledged 3.9 Cr shares, valued at Rs. 7.76 Cr, with Martin Happy Home Private Limited. This accounts for 60.07% of SDC Techmedia's total share capital and serves as additional collateral for a Rs. 35 Cr loan. The company will use this loan to purchase and install Sony 4K Digital Cinema Projection Systems. This strategic move fully encumbers the promoter's entire shareholding, highlighting significant leveraging for the company's business expansion.

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