Shareholding9 Nov 2026, 01:53 pm
Master Trust Ltd: Mrs. Parveen Singhania Encumbers 66.35 Lakh Shares
AI Summary
Master Trust Ltd has disclosed the encumbrance of 66,35,000 equity shares by Mrs. Parveen Singhania. These shares have been pledged as collateral for Non-Convertible Debentures (NCDs) worth ₹75 crore, to be issued by Master Capital Services Limited, a wholly-owned subsidiary. The pledge was created on November 6, 2026, and reported on November 9, 2026. This action is part of securing debt financing for the subsidiary's operations.
Key Highlights
- Mrs. Parveen Singhania pledged 66,35,000 shares.
- Shares serve as collateral for ₹75 crore NCDs.
- NCDs to be issued by subsidiary Master Capital Services Ltd.
- Encumbrance is a pledge for debt securing purposes.
- Disclosure filed under SEBI (Takeovers) Regulations, 2011.
Price Impact
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