StockWatch
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Residential- Commercial Projects
Shareholding21 Oct 2026, 06:31 pm

Cineline India: Promoter Releases 65 Lakh Pledged Shares

AI Summary

Cineline India Ltd has disclosed the release of 65,00,000 equity shares from pledge by its promoters, Rasesh Babubhai Kanakia and Himanshu Babubhai Kanakia, on October 19, 2026. This action pertains to shares held directly and through trusts (Ashish Benefit Trust and Vrutant Benefit Trust). The release is part of a collateral security arrangement. The total released shares represent 8.00% and 0.52% of the total share capital for different promoter groups. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Key Highlights

  • Promoters released 65,00,000 pledged shares.
  • Release occurred on October 19, 2026.
  • Disclosure filed under SEBI Takeover Regulations.
  • Shares were pledged as collateral security.
  • Affects holdings of Rasesh and Himanshu Kanakia.