Master Trust LimitedMASTERTRNSE
Master Trust completes acquisition of Future Colonizers through NCLT-approved resolution plan
As filed · Master Trust Limited has informed the Exchange about Acquisition of Shares in Future Colonizers and Constructions Limited through CIRP vide NCLT order
DistressMixedMinormateriality 58 out of 100
What happened
FactFuture Colonizers & Construction Limited allotted 5,00,000 equity shares of Rs. 10.00 each to Master Trust Limited on 12 October 2026 under an NCLT-approved resolution plan. Master Trust paid Rs. 50,00,000 in cash and Future Colonizers has become its wholly owned subsidiary.
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
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Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
Evidence
How CapitSignal classified this
- Reasoning:
- The acquisition adds a wholly owned construction and real estate subsidiary to Master Trust under a resolution plan. The stated objective is to realize Future Colonizers & Construction's assets according to the approved plan.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%