ALPHA TRIBE

Filmcity Media LtdInsider Trading, 01-01-1970: Insider Trading / SAST

01-01-1970 | 12:00 am

Filmcity Media Limited has allotted 7 Cr equity shares of Re. 1 each on a preferential basis to PMC Fincorp Limited, an entity belonging to its Promoter and Promoter Group. This transaction significantly increases the combined shareholding of the Acquirer and Persons Acting in Concert (PACs) in Filmcity Media Limited from 16.91% to 24.55%. The company's equity share capital has consequently expanded from Rs. 3.06 Cr to Rs. 4.96 Cr, reflecting the dilution from this new issue. This move strengthens the promoter group's stake and expands the company's equity base.

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