The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajinder Kumar Singhania & PACs
MASTERTR · price
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Promoter Rajinder Kumar Singhania along with Persons Acting in Concert (PACs) acquired 1,07,50,000 equity shares of Master Trust Limited on August 5, 2025, through conversion of their outstanding warrants via preferential allotment. The promoter group's combined holding rose from 69.24% to 71.93% of the company. Key individual changes include Rajinder Kumar Singhania increasing his stake from 21.36% to 23.35%, Harneesh Kaur Arora from 9.20% to 12.76%, and Chirag Singhania from 0.49% to 0.96%. The total equity share capital remained unchanged at Rs.12.30 crore (12,30,16,000 shares of Rs.1 each). No fresh shares were issued for public subscription; the conversion simply crystallised already-promised promoter equity.
This signals strong promoter confidence and consolidates promoter control further in the company. While it is dilutive to non-promoter shareholders in terms of proportional ownership, the conversion involved no new cash infusion from the company, and promoters locked in their commitment by paying the full exercise amount.