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

01-01-1970 | 12:00 am

Malani Ventures, a promoter group entity of B-Right Realestate Limited, clarified its share encumbrance disclosure. Malani Ventures pledged 2,400,000 shares, representing 23.23% of B-Right's total share capital, with HDFC Bank. This pledge secures a credit facility for B-Right Realestate Limited's working capital needs. The pledged shares are valued at Rs. 77.64 Crore, securing an amount of Rs. 30 Crore utilized for the listed company's operations. This update provides clarity on the promoter's share pledge and its direct support for the listed entity's operational funding.

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