MAS Financial Services has raised Rs 50 crore through allotment of 5000 rated, listed, subordinated, unsecured, redeemable, taxable, transferable, non-convertible debentures (NCDs) each having a face value of Rs 1,00,000 on private placement basis. Further, these debentures have been rated ‘A+; stable (single A plus; outlook: stable)’ 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.