Master Trust Ltd has announced that the Board of Directors of the Company at its meeting held on June 30, 2008 has unanimously considered and approved to make Preferential Allotment of 500000 Equity Shares at a price of Rs 134/- per equity share (Including a premium of Rs 124/- per equity share) to the persons, bodies corporate(s) other than promoters and 36000000 warrants convertible into equity shares at a price of Rs 134/- per equity share (Including a premium of Rs 124/- per equity share) to the persons, bodies Corporate(s) and promoters.