Master Trust to raise funds through preferential issue

Master Trust Ltd has announced that the Board of Directors of the Company at its meeting held on January 04, 2007, has approved the following agenda items for the approval of share holders.

The company is planning to increase the authorized capital of the Company from Rs 6,00,00,000/- (Rupees Six Crores) divided into 60,00,000 (Sixty lac) Equity Shares of Rs 10/- (Ten) each to Rs 11,00,00,000 (Rupees Eleven Crore) divided into 1,10,00,000 (One Crore Ten lac) Equity Shares of Rs 10/- (Ten) each and to amend the relevant clauses of Memorandum and Articles of Association of the Company.

Pursuant to the provisions of SEBI(DIP) Guidelines for Preferential Issues, to issue and allot 13,55,000 equity shares and 30,45,000 warrants convertible into equity shares on preferential basis to strategic investors, promoters and directors of the Company and group Companies.

The Extra Ordinary General Meeting of the members of the Company for the approval of above items will held on January 29, 2008.

Source : Equity Bulls

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