Announced Tue, 23 Jun · 19:22 IST
MFSL subsidiary MRHMFL partially redeems OCPS worth Rs 3.33 crore
Corporate Actions View source PDF
MASFIN · price
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AI summary
MAS Financial Services (MFSL) told the exchanges that its subsidiary MAS Rural Housing and Mortgage Finance (MRHMFL) will partially redeem 33,33,330 Optionally Convertible Preference Shares, equal to 33 percent of total OCPS held by MFSL. The total redemption value is about Rs 3.33 crore. This follows the original terms of the 6 percent non-cumulative OCPS issued earlier. MFSL confirmed its equity shareholding in the subsidiary remains unchanged after this transaction.
Likely market impact
Minor cash inflow of about Rs 3.33 crore to MFSL from subsidiary. No change in equity stake. Largely neutral for shareholders.