Rudra Gas Enterprise Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Rudra Gas Enterprise's promoters, Kush Sureshbhai Patel and Kashyap Sureshbhai Patel, have pledged 20,33,898 equity shares, which constitutes 24.40% of the company's total share capital. This action secures a loan of INR 7.00 Cr for the company from Shree Kamdhenu Financial Services. The pledged shares are valued at INR 13.02 Cr, providing a significant cover for the loan. Importantly, these funds will enable Rudra Gas Enterprise to acquire shares of another company in a similar vertical, supporting its business expansion strategy.