The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 16, 2025 for Rasesh Kanakia (as a ....
CINELINE · price
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On June 13, 2025, Rasesh Kanakia, acting as trustee of Ashish Benefit Trust, released 23,00,000 equity shares (6.71% of Cineline India's total share capital) that were previously pledged with Axis Trustee Service Limited (Debenture Trustee). The reason cited is personal use by the promoter. Post-release, the encumbered (pledged) shares stand at zero. The promoter's overall holding in the company remains 30,68,800 shares (8.96%) of the share capital.
This is a positive signal for shareholders, as it reduces the promoter's pledged holdings to nil, indicating either debt repayment or improved financial flexibility. Lower encumbrance typically reduces risk perception around the stock and may support investor confidence.