MAS Financial Services has raised Rs 50 crore through the allotment of 500 unlisted, subordinated, unsecured, redeemable, non-convertible debentures (NCDs), having a face value of Rs 10 lakh each on private placement basis. The Finance Committee of the Board of Directors of the Company at their meeting held on December 29, 2021 has approved and allotted 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.
