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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Chirag Singhania, on behalf of himself and Persons Acting in Concert (PACs), has disclosed the acquisition of equity shares in Master Trust Limited through the conversion of warrants. A total of 1,07,50,000 equity shares (8.74% of total capital) were allotted on a preferential basis at Rs.1 each upon full exercise of warrant conversion amount. Specifically, Harneesh Kaur Arora received 53,75,000 shares (4.37%), Rajinder Kumar Singhania received 47,50,000 shares (3.86%), and Chirag Singhania received 6,25,000 shares (0.51%). The conversion took place on 05-08-2025. As a result, the total promoter group holding increased from 69.24% to 71.93% of the company's paid-up share capital.
This is a positive signal for shareholders as promoters are increasing their stake through warrant conversion rather than selling, indicating continued confidence in the company. The expanded promoter holding from 69.24% to 71.93% reduces free float slightly but signals promoter commitment.