Shareholding9 Nov 2026, 12:56 pm
Master Trust Ltd: Promoter Pledges 66.35 Lakh Shares for ₹75 Cr Debentures
AI Summary
Master Trust Ltd has disclosed the encumbrance of 66,35,000 equity shares (5.40% of total capital) by promoter Mrs. Harneesh Kaur Arora. These shares have been pledged as collateral to secure Non-Convertible Debentures (NCDs) worth ₹75 Crore. The NCDs are to be issued by Master Capital Services Limited, a wholly-owned subsidiary of Master Trust Ltd. Mitcon Credentia Trusteeship Services Limited is the trustee holding the pledged shares. This action is part of a financing arrangement for the subsidiary's debt issuance.
Key Highlights
- Promoter Mrs. Harneesh Kaur Arora pledged 66.35 Lakh shares.
- Shares serve as collateral for ₹75 Crore NCDs.
- NCDs to be issued by subsidiary Master Capital Services Ltd.
- Pledge is for securing debt financing for the subsidiary.
Price Impact
More from MASTERTR