Acquisitions4 April 2026 at 05:01 am
Master Trust Ltd Promoter Harjeet Singh Arora Discloses 2.03% Share Pledge for Loan to Subsidiary
AI Summary
Master Trust Ltd promoter Harjeet Singh Arora has disclosed the creation of a pledge on 2.03% of his shares in the company. The pledge is on behalf of ICICI Bank Limited, acting as a collateral for a loan availed by the company's wholly owned subsidiary, Master Capital Services Limited. This disclosure was made under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Master Trust Ltd promoter Harjeet Singh Arora pledges 2.03% shares for subsidiary's loan
- ICICI Bank Limited holds the pledge as collateral for the loan
- Loan availed by Master Trust Limited's subsidiary, Master Capital Services Limited
- Disclosure made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011