Promoters pledge 65 lakh shares for personal collateral
CINELINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On 24 June 2026, four promoter entities of Cineline India created a pledge on 65 lakh shares (around 18.96 percent of total share capital) in favor of Vistra ITC India. The pledge covers 2 lakh shares each by Himanshu Kanakia and Rasesh Kanakia, plus 30.5 lakh shares each held by them as trustees of Vrutant and Ashish Benefit Trusts. Reason stated is collateral security for personal borrowings by promoters. Company and group entities are not part of the deal. Encumbrance is below the 50 percent promoter holding threshold.
Promoters raising personal funds against their own shares. No company-level impact, but rising pledged holdings are worth tracking.