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Travels & Rentals LtdInsider Trading, 01-01-1970: Insider Trading / SAST

01-01-1970 | 12:00 am

Travels & Rentals Limited promoters, Devendra Bharat Parekh and Taruna Parekh, have increased their shareholding through a rights issue. Devendra Bharat Parekh acquired 1,683,000 shares, bringing their total to 5,048,390 shares, representing 23.64% of the company's voting capital. Taruna Parekh acquired 1,188,000 shares, increasing their holding to 3,559,670 shares, equivalent to 16.66% of the voting capital. These acquisitions reflect promoter participation in the company's expanded equity base, which grew from 11,202,685 to 121,354,685 fully paid-up equity shares following the rights issue. This indicates continued commitment and capital infusion from the promoter group.

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