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Master Trust acquires shares making its subsidiary

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Capital Market

Of face value Rs 100 each

Master Trust announced that the company has purchased 12,500 equity shares of H. A. Share and Stock Brokers, bearing face value Rs 100 each at Rs 800 per share (including share premium of Rs 700 per share). Total consideration paid for the transaction amounts to Rs One crore only including Rs 87,50,000 as share premium. The shares are allotted afresh by H. A. Share and Stock Brokers making Master Trust as its holding company under the provisions of Section 4 (1) (b) (ii) of the Companies Act, 1956 and Section 2 (87) (ii) of the Companies Act, 2013 with 51.08% of its total share capital.

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First Published: Feb 11 2014 | 11:31 AM IST

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