MAS Financial Services Limited has informed the Exchange regarding allotment of 20000 securities pursuant to Non Convertible Securities at its meeting held on July 30, 2025
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MAS Financial Services Limited has allotted 20,000 rated, listed, senior, secured, redeemable, non-convertible debentures (NCDs) on a private placement basis at its Finance Committee meeting held on July 30, 2025. Each debenture has a face value of INR 1 lakh, aggregating to INR 200 crore in total. The NCDs carry an interest rate of 9.75% per annum payable annually, with a tenure of about 1 year and 10 months, maturing on June 15, 2027. The issue was subscribed by five mutual fund investors from HDFC and HSBC, and the NCDs are rated CARE AA- with a Stable outlook. The debentures are secured by a first charge on identified book debts and loan receivables at 1.10 times cover.
The company has successfully raised INR 200 crore in debt funding from reputed institutional investors, strengthening its lending capital base. The AA- rating and participation by HDFC and HSBC mutual funds signal strong institutional confidence in MAS Financial's credit quality. This is a debt raise with no equity dilution, so existing shareholders are not affected in terms of ownership.