{"id":5649,"date":"2024-06-11T16:58:28","date_gmt":"2024-06-11T11:58:28","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=5649"},"modified":"2024-06-11T16:58:30","modified_gmt":"2024-06-11T11:58:30","slug":"rcml-reports-insider-transaction-worth-over-rs-30-million","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/rcml-reports-insider-transaction-worth-over-rs-30-million\/","title":{"rendered":"RCML reports insider transaction worth over Rs 30 million"},"content":{"rendered":"\n

In a notification sent to PSX on 11\/06\/2024, Reliance Cotton Spinning Mills Limited (RCML) announced an insider transaction carried out by multiple substantial shareholders.<\/p>\n\n\n\n

The transaction was carried out by multiple substantial shareholders. They merged-in a total of\u00a0443,792<\/strong><\/strong> shares<\/strong>\u00a0of the company at a price of\u00a0Rs. 67.82<\/strong> per share<\/strong>. The total amount for this transaction stands at\u00a0Rs. 30,097,680<\/strong><\/strong>.<\/p>\n\n\n\n

An insider buying stock in a company is often interpreted as a positive signal by investors. It suggests that those with intimate knowledge of the company\u2019s operations and prospects believe the stock is undervalued or poised for growth, leading to a positive impact on the stock price.<\/p>\n\n\n\n

Sr.<\/th>Description<\/th>Date<\/th>Nature<\/th>No. of Shares<\/th>Rate<\/th>Result<\/th><\/tr><\/thead>
1<\/td>ATMZ COMPANY (PVT) LTD (Substantial Shareholder)<\/td>2024-06-10<\/td>Merger-In<\/td>110062<\/td>67.36<\/td>7,413,776.32<\/td><\/tr>
2<\/td>ATMZ COMPANY (PVT) LTD (Substantial Shareholder)<\/td>2024-06-10<\/td>Merger-In<\/td>886<\/td>124.88<\/td>110,643.68<\/td><\/tr>
3<\/td>RESOURCE CORPORATION (PVT) LTD. (Substantial Shareholder)<\/td>2024-06-10<\/td>Merger-In<\/td>110062<\/td>67.36<\/td>7,413,776.32<\/td><\/tr>
4<\/td>RESOURCE CORPORATION (PVT) LTD. (Substantial Shareholder)<\/td>2024-06-10<\/td>Merger-In<\/td>886<\/td>124.88<\/td>110,643.68<\/td><\/tr>
5<\/td>CHANNEL HOLDINGS (PVT) LTD. (Substantial Shareholder)<\/td>2024-06-10<\/td>Merger-In<\/td>110062<\/td>67.36<\/td>7,413,776.32<\/td><\/tr>
6<\/td>CHANNEL HOLDINGS (PVT) LTD. (Substantial Shareholder)<\/td>2024-06-10<\/td>Merger-In<\/td>886<\/td>124.88<\/td>110,643.68<\/td><\/tr>
7<\/td>SYNERGY HOLDINGS (PVT) LTD. (Substantial Shareholder)<\/td>2024-06-10<\/td>Merger-In<\/td>110062<\/td>67.36<\/td>7,413,776.32<\/td><\/tr>
8<\/td>SYNERGY HOLDINGS (PVT) LTD. (Substantial Shareholder)<\/td>2024-06-10<\/td>Merger-In<\/td>886<\/td>124.88<\/td>110,643.68<\/td><\/tr>
<\/td>Total<\/strong><\/td><\/td><\/td>443,792<\/strong><\/td>67.82<\/strong><\/td>Rs. 30,097,680<\/strong><\/td><\/tr><\/tbody><\/table>
Source<\/strong>: ksestocks.com<\/em><\/figcaption><\/figure>\n\n\n\n

RCML<\/a>\u00a0shares were last trading at\u00a0Rs. 451.98<\/strong>\u00a0today.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reliance Cotton Spinning Mills Limited (RCML) announced an insider transaction carried out by multiple substantial shareholders.<\/p>\n","protected":false},"author":11,"featured_media":5650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[151],"tags":[304],"class_list":["post-5649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insider-transactions","tag-rcml"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/06\/RCML-Insider-Transaction-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/06\/RCML-Insider-Transaction-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/06\/RCML-Insider-Transaction-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/06\/RCML-Insider-Transaction.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/5649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=5649"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/5649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/5650"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=5649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=5649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=5649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}