ALPHA TRIBE

Arunis Abode LtdInsider Trading, 01-01-1970: Insider Trading / SAST

01-01-1970 | 12:00 am

Indo Thai Securities Limited has updated on its shareholding in Arunis Abode Limited. Arunis Abode recently underwent a rights issue, expanding its equity share capital from Rs 3 Crore to Rs 51 Crore, thereby increasing total shares from 3 million to 51 million. Indo Thai Securities and its Persons Acting in Concert (PACs) were allotted 3,029,588 shares through this rights issue. However, their overall stake in Arunis Abode has significantly decreased. Their combined holding, which was 5.95% before the rights issue, now stands at 1.424% (729,534 shares) of the enlarged share capital, highlighting a notable dilution of their proportionate ownership.

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