MAS Financial Services has raised Rs 140 crore through allotment of non-convertible debentures (NCDs) on a private placement basis. The Finance Committee of the Board of Directors of the company has allotted 14,000 rated, listed, senior, secured, redeemable, transferable, taxable, NCDs having a face value of Rs 1,00,000 each. The NCDs carry a coupon rate of 8.70% per annum payable quarterly and have a tenure of 24 months from the Deemed Date of Allotment. The Deemed Date of Allotment is June 24, 2026.
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.
