MAS Financial Services Limited has informed the Exchange about Subsidiary Company
MASFIN · price
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MAS Financial Services Limited has acquired 12,67,170 additional equity shares in its subsidiary MAS Rural Housing & Mortgage Finance Limited (MRHMFL) through a rights issue, investing approximately Rs. 25 crores (Rs. 24,99,99,969). The shares were allotted at a face value of Rs. 10 each with a premium of Rs. 187.29. As a result, MAS Financial's stake in MRHMFL has risen from 62.54% to 63.74%, an incremental increase of 1.20%. MRHMFL is a housing finance company focused on middle and lower income segments in semi-urban and rural India, with a turnover of Rs. 72.44 crores and net profit of Rs. 8.76 crores as of December 2025. The funds will be used by MRHMFL to meet working capital needs and support business expansion. The transaction is a related-party deal, done at arm's length and approved by the Audit Committee and Board on January 28, 2026.
This is a routine capital infusion into an existing subsidiary, modestly increasing MAS Financial's ownership stake. It signals continued commitment to the housing finance business but the incremental stake gain is small (1.20%), so the impact on consolidated earnings is likely marginal.