MAS Financial Services has raised Rs 360 crore through the allotment of 36,000 senior, secured, rated, listed, redeemable, transferable, non-convertible debentures (NCDs) denominated in Indian Rupees (INR), having a face value of Rs 1,00,000 each on a private placement basis to Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO). Further, the Debentures have been rated ‘CARE AA-/Stable’ by CARE Ratings. The Finance Committee of the Board of Directors of the company at their meeting held on May 20, 2026, has, inter alia, 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.
