Shareholding15 Sept 2026, 06:01 pm
Master Trust Ltd: Promoters Release 75 Lakh Shares Pledged to ICICI Bank
AI Summary
Master Trust Ltd has filed re-revised disclosures regarding the release of pledge on 75,00,000 equity shares held by promoters Mr. Harjeet Singh Arora and Mr. Rajinder Kumar Singhania. These shares were originally encumbered in favor of ICICI Bank Ltd. as collateral for a loan availed by Master Capital Services Limited, a wholly-owned subsidiary of Master Trust Ltd. The disclosure is made under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Promoters Harjeet Singh Arora and Rajinder Kumar Singhania have released pledged shares.
- 75,00,000 equity shares of Master Trust Ltd were involved in the pledge release.
- Shares were encumbered with ICICI Bank Ltd as collateral for a subsidiary loan.
- Disclosure filed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- This action relates to promoter shareholding and loan collateral arrangements.
Price Impact
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