MAS Financial Services Limited has informed the Exchange regarding allotment of 10000 securities pursuant to Non Convertible Securities at its meeting held on December 30, 2025
MASFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MAS Financial Services has allotted 10,000 rated, listed, senior, secured, redeemable non-convertible debentures (NCDs) on a private placement basis, raising Rs 100 crore in total. Each debenture has a face value of Rs 1,00,000 and the issue price is at par. The NCDs carry an interest rate of 8.75% per annum, payable monthly, with a 36-month tenure maturing on December 30, 2028. The issue is rated CARE AA-/Stable and is proposed to be listed on the Wholesale Debt Market segment of BSE. The debentures are secured by a first-ranking exclusive charge on the company's book debts and receivables, maintained at 1.10 times the outstanding amount.
This is a routine debt-raising exercise by MAS Financial Services at a competitive rate (8.75%), reflecting strong credit quality (AA- rating) and likely aimed at funding lending operations. No dilution for equity shareholders since these are non-convertible debt instruments, though it adds to the company's overall debt obligations.