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B-Right Realestate LtdInsider Trading, 01-01-1970: Insider Trading / SAST

01-01-1970 | 12:00 am

Malani Ventures Private Limited clarified discrepancies in its disclosure regarding the encumbrance of shares for B-Right Realestate Limited. The promoter group, Malani Ventures, pledged 2,400,000 shares, representing 23.23% of B-Right Realestate's total share capital. This pledge was made with HDFC Bank to secure a credit facility of Rs. 30 Crore, intended to meet the working capital requirements of the listed company, B-Right Realestate Limited. The shares pledged have a value of Rs. 776,400,000, covering the involved amount. This action aims to support B-Right Realestate's operational needs.

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