Shareholding12 Aug 2026, 04:26 pm
Master Trust Ltd: Promoter Harjeet Singh Arora Releases 75 Lakh Shares from Pledge
AI Summary
Master Trust Ltd announced that promoter Harjeet Singh Arora has released 75,00,000 equity shares from pledge. 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. The release of encumbrance was reported on August 11, 2026, with the actual release date being August 10, 2026. This action reduces the encumbered shares held by the promoter.
Key Highlights
- Promoter Harjeet Singh Arora released 75,00,000 shares from pledge.
- Shares were collateral for a loan taken by a subsidiary.
- Release of pledge reduces promoter's encumbered shareholding.
- Disclosure filed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Price Impact
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