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

Nikhil Vinod Mehta, a promoter of Emerald Leisures Limited, has created a pledge over 38,30,290 equity shares, representing 25.50% of the company's total share capital. This pledge serves as security for 105 Cr worth of 10% Secured Unlisted Non-Convertible Debentures issued by Emerald Leisures. The funds raised will be used for club expansion (25 Cr), repayment of existing debt (20 Cr), transaction expenses (5 Cr), general corporate purposes (25 Cr), and SRA related expenses (30 Cr). The promoter's total holding in the company is 46,74,510 shares, or 31.12% of the total share capital.