Emerald Leisures Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Emerald Leisures' promoter, Jaydeep Vinod Mehta, has pledged 38,30,323 equity shares, constituting 25.50% of the company's total share capital. This pledge acts as security for 105 Crore worth of 10% Secured Unlisted Non-Convertible Debentures issued by Emerald Leisures. The company plans to utilize the funds raised for strategic initiatives: 25 Crore for club expansion, 20 Crore for existing debt repayment, 5 Crore for transaction expenses, 25 Crore for general corporate purposes, and 30 Crore for SRA-related expenses. This move shores up funding for key business developments.