MAS Financial Services’ board has approved the borrowing of funds by way of issuance of Secured / unsecured Non-Convertible debentures (NCDs) up to an aggregate amount of Rs 700 crore, in one or more tranches through Private placement basis in accordance with the rules and regulation framed by the Reserve Bank of India (RBI); The Securities and Exchange Board of India (SEBI) and Ministry of Corporate Affairs (MCA) as amended from time to time, within the overall borrowing limits approved by the shareholders. The Board of Directors of the company in its Meeting held on May 19, 2021 has approved the same.
MAS Financial Services is registered as a systematically important non deposit taking non-banking finance Company (NBFC) with Reserve Bank of India (RBI). The company is engaged in the business of providing Micro Enterprise loans (MEL), Small and Medium Enterprise loans (SME), Two Wheeler loans (TW), Commercial Vehicle loans (CV) and loans to NBFCs - to create the underlying assets of MEL, SME, TW and CV.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 941.00 |
| Shriram Finance | 1043.35 |
| Aditya Birla Capital | 343.70 |
| Chola Invest & Fin. | 1588.60 |
| Tata Capital | 333.25 |
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