Devinsu Trading Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Promoter Deniis Desai of Devinsu Trading Limited has significantly increased his stake in the company. He was allotted 80,000 new equity shares through a preferential allotment at a premium of Rs. 340 per share. This transaction, following a prior acquisition of 91,493 shares, brings his total holding to 1,71,493 equity shares, representing 29.17% of the company's total equity. The company's equity share capital has increased from Rs. 0.50 Cr to Rs. 0.588 Cr post-allotment. This move by a promoter typically signals strong confidence in the company's future.