MAS Financial Services has raised Rs 50 crore through unsecured, rated, listed, redeemable, subordinated, taxable, transferable, non-convertible debentures (NCDs) and allotted 50 NCDs having face value of Rs 1 crore each on private placement basis. The Board of Directors of the Company at its meeting held on October 20, 2021 has approved the same.
MAS Financial Services 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.