Master Trust Ltd Share Price

Incorporated in Aug.85 as Arora Financial Consultants, a private company, Master Trust (MTL) got its present name in Mar.92. The original promoter was H S Arora. In 1992, R K Singhania joined as a director and co-promoter. MTL was established to provide corporate services, and deal in shares and securities. MTL is actively involved in merchant banking activities since inception and has provided merchant banking / corporate services to various groups like Punjab Alkalies & Chemicals, the Vardhman group and many others. MTL went public in Feb.95 to augment its working capital. The company has been accorded the category-I merchant banker status from 1 Feb.93. The matter regarding change of name to Prime Trust is pending with the Department of Company Affairs.The company plans to start an asset management company and a mutual fund in the near future. It also plans to start a private sector bank in Punjab. As there is a shortage of custodian services, the company is planning to provide preferably to the FFIs/FIs in the near future.