MAS Financial Services has raised Rs 50 crore via non-convertible debentures (NCDs). The meeting of the Finance Committee of the Board of Directors of the Company was held on June 22, 2022 has approved and allotted 500 rated, listed, redeemable, senior, secured, NCDs denominated in Indian Rupees, each having a face value of Rs 10,00,000 and an aggregate face value of Rs 50 crore on a private placement basis. Further, these Debentures have been rated ‘CARE A+’ by CARE Ratings.
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
