ALPHA TRIBE

RLF LtdInsider Trading, 01-01-1970: Insider Trading / SAST

01-01-1970 | 12:00 am

Aditya Khanna, a member of RLF Limited's promoter group, has increased his stake by acquiring 6,50,000 equity shares. This acquisition was through a preferential allotment, converting an outstanding loan into equity. His total shareholding now stands at 23,21,852 shares, or 21.22% of the company's equity capital, up from 17.34% previously. This strategic move strengthens the promoter's ownership and improves the company's balance sheet by converting debt into equity. The company's equity share capital has consequently risen from Rs 9.64 crore to Rs 10.94 crore.

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