MAS Financial Services Limited has informed the Exchange regarding allotment of 36000 securities pursuant to Non Convertible Securities at its meeting held on May 20, 2026
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MAS Financial Services Limited has allotted 36,000 senior, secured, rated, listed, non-convertible debentures (NCDs) with face value of INR 1 lakh each, aggregating to INR 360 crore. The debentures were allotted to FMO (Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.), a Dutch development finance institution, via private placement. The NCDs have a 5-year tenure (May 2026 to May 2031), carry a CARE AA-/Stable rating, and are secured by a first ranking exclusive charge over hypothecated assets with 1.1x asset cover. Interest is payable semi-annually on a floating rate basis, with principal redemption in 6 instalments on pari passu basis. The debentures will be listed on BSE's Wholesale Debt Market segment.
This is a debt raise via institutional investor (FMO) and does not dilute equity. The AA-/Stable rating reflects moderate credit risk. Listed NCDs on WDM provide some liquidity option for the debenture holder.