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 Rasesh B. Kanakia
CINELINE · price
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Promoter Rasesh B. Kanakia has released a pledge on 3,50,000 equity shares (1.02% of total share capital) of Cineline India Ltd on April 7, 2025. Before the release, 9,56,000 shares (2.79%) of his 12,73,924-share holding (3.72%) were pledged in favor of Sunil Bhagwatlal Dalal. After the release, his encumbered holdings stand reduced to 6,06,000 shares (1.77%). The disclosure was filed under Regulation 31(1) and 31(2) of SEBI's SAST Regulations, 2011.
The release of pledged shares is generally viewed positively by investors as it reduces the promoter's financial leverage and encumbrance risk. With only 1.77% of shares still pledged, the promoter has limited pledged exposure remaining.