MAS Financial Services has raised Rs 25 crore through the allotment of 2500 Rated, Unsecured, Subordinated, Listed, Redeemable, Taxable, Transferable, Non-Convertible Debentures (NCDs) each having a face value of Rs 1,00,000 on a private placement basis. Further, these Debentures have been rated CARE A+ Positive (Single A Plus; Outlook: Positive) by CARE Ratings Limited. The Finance Committee of Board of Directors of the Company at its meeting held on December 21, 2023, 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.
