Shareholding11 Aug 2026, 04:04 pm
Master Trust Ltd: 75 Lakh Shares Pledge Released
AI Summary
Master Trust Ltd has announced the release of a pledge on 75,00,000 equity shares held by promoters Harjeet Singh Arora and Rajinder Kumar Singhania. The pledge was originally created on behalf of ICICI Bank Limited as collateral for a loan availed by Master Capital Services Limited, a wholly-owned subsidiary of Master Trust Ltd. This disclosure, made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, signifies a reduction in encumbrance on promoter holdings.
Key Highlights
- Promoters Harjeet Singh Arora and Rajinder Kumar Singhania had 75,00,000 shares pledged.
- The pledge was released on August 11, 2026.
- The shares were collateral for a loan taken by a subsidiary.
- This is a disclosure under SEBI Takeover Regulations.
- Post-release, promoter holding in encumbered shares is 0.
Price Impact
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