OK Play India Limited has announced that its Promoter Director, Mr. Rajan Handa, has sold 1.24 crore equity shares in the open market on December 26, 27, and 30, 2024. The proceeds from this transaction will primarily be utilized to retire high-cost loans secured against the promoter’s equity. This strategic move aims to reduce the company’s debt and alleviate the high-interest burden.
According to a press release issued by the company, this sale will lead to the release and un-pledging of approximately 3.94 crore equity shares. The initiative underscores the company’s commitment to improving its financial health and maintaining operational stability.
About OK Play India Limited:
Founded in 1990, OK Play India Ltd. is a leading manufacturer specializing in plastic toys, automotive components, and educational products. With a focus on innovation and a diverse product portfolio, the company is dedicated to creating value for its customers and stakeholders.
