The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 09, 2025 for Himanshu Kanakia (as ....
CINELINE · price
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Cineline India Ltd received a disclosure under SEBI SAST Regulation 31(1) and 31(2) from Himanshu Kanakia, trustee of Hiral Kanakia Trust. The promoter group released 20,25,000 equity shares (5.91% of total share capital) from pledge on April 7, 2025. Post-release, encumbered shares of the promoter stand reduced from 29,25,000 shares (8.54%) to 9,00,000 shares (2.63%). The pledge was originally held by Sunil Bhagwatlal Dalal. The total promoter holding remains at 30,68,800 shares (8.96%).
This is a positive signal for shareholders as the release of pledged shares reduces the promoter's encumbered position significantly, lowering the risk of forced selling and indicating improved financial standing of the promoter group.