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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Awaiting price reaction for this filing.
Promoters of Master Trust Ltd (Rajinder Kumar Singhania along with 11 PACs) converted 1,07,50,000 (107.5 lakh) warrants into equity shares on 05-08-2025 via preferential allotment, after receiving the full exercise amount. This raised the promoter group's combined voting stake from 69.24% to 71.93% of the company. The biggest individual gainers were Rajinder Kumar Singhania (21.36% to 23.35%) and Harneesh Kaur Arora (9.20% to 12.76%). Chirag Singhania's stake also went up from 0.49% to 0.96%. The total equity share capital stayed the same at 12,30,16,000 shares of Rs. 1 each since the warrants were already part of the diluted capital.
The promoter group's stake has crept closer to the 75% threshold, now at 71.93%, which signals stronger promoter control and reduced free float for public shareholders. However, since this was a preferential allotment through warrant conversion, no open offer is triggered.