The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 21, 2025 for Rasesh Kanakia (as ....
CINELINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cineline India Ltd informed the exchanges that Rasesh Kanakia, acting as trustee of Rupal Kanakia Trust, has released a pledge on 9,00,000 equity shares (2.63% of total share capital) of the company on April 16, 2025. The pledge was originally held by Axis Trustee Service Limited. Post-release, the promoter group's total holding remains at 30,68,800 shares (8.96%), but the encumbered (pledged) portion has been fully released to zero. This is a routine disclosure under SEBI's SAST Regulation 31.
This is a positive signal for shareholders — the promoter has fully released all pledged shares, removing any risk of forced sale or margin-driven liquidation. It improves promoter holding visibility and reduces overhang concerns on the stock.