StockWatch
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Non Banking Financial Company (NBFC)
Shareholding30 Jun 2026, 06:01 pm

Master Trust Promoter Pledges 75 Lakh Shares for Subsidiary Loan

AI Summary

Master Trust Limited's promoter, Rajinder Kumar Singhania, has disclosed the creation of a pledge on 75,00,000 equity shares. This pledge, representing 6.10% of the total share capital, is in favor of ICICI Bank Limited. The shares are being used as collateral for a loan availed by Master Capital Services Limited, a wholly-owned subsidiary of Master Trust Limited. The disclosure was made on June 30, 2026, in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Key Highlights

  • Promoter pledges 75 lakh shares of Master Trust Ltd.
  • Pledge serves as collateral for subsidiary's loan.
  • Disclosure made under SEBI Takeover Regulations.
  • Pledged shares represent 6.10% of total capital.