Sayaji Hotels Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

A promoter of Sayaji Hotels, Raoof Razak Dhanani, has pledged an additional 3,00,000 equity shares to Swan Finance Limited. These shares represent 1.71% of the company's total paid-up capital. This pledge acts as a guarantee for an underlying amount of 9 Cr. With this new pledge, the promoter's total encumbered shares now stand at 12,75,000, representing 7.27% of the total share capital and 83.46% of their individual shareholding. This move impacts the promoter's unencumbered holdings, signaling their commitment as a guarantor.