Master Trust Limited has informed the Exchange about the allotment of 10750000 equity shares pursunat to conversion of 10750000 warrants
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Master Trust Limited has allotted 1,07,50,000 (1.075 crore) equity shares of face value Rs. 1 each at an issue price of Rs. 70 per share (including Rs. 69 premium), pursuant to the conversion of an equal number of warrants. The company received the balance 75% amount (Rs. 52.50 per warrant), aggregating to approximately Rs. 56.44 crore. All three allottees are promoters — Harneesh Kaur Arora (53,75,000 shares), Rajinder Kumar Singhania (47,50,000 shares), and Chirag Singhania (6,25,000 shares). As a result, promoter holding in the company has increased from 69.24% to 71.93%, and the paid-up equity share capital has risen from Rs. 11.23 crore to Rs. 12.30 crore. The newly allotted shares will rank pari-passu with existing shares and the company will seek listing/trading approval from BSE and NSE.
This is a dilution event for non-promoter shareholders, with promoter stake rising by about 2.7 percentage points. However, since the capital infusion comes from existing promoters (not external dilution), it strengthens promoter commitment while slightly reducing minority shareholding proportionally.