Announced Tue, 23 Jun · 19:15 IST
Subsidiary MRHMFL partially redeems OCPS held by MAS Financial
Fund Raising View source PDF
MASFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹310.35
prior close
₹309.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.0+0.0-0.1+0.7+0.5-0.4-0.1+2.8+3.6+1.8+1.2——
Up moveDown movePending
AI summary
MAS Financial Services informed that its subsidiary MAS Rural Housing and Mortgage Finance Limited will partially redeem 33,33,330 OCPS (6 percent non-cumulative), equal to 33 percent of total OCPS, for Rs 3.33 crore held by MFSL. The redemption is being done as per the original issuance terms. The redemption will not change MRHMFL equity shareholding pattern, and MFSL will continue to hold its existing equity stake in the subsidiary.
Likely market impact
MFSL receives about Rs 3.33 crore back from subsidiary. No change in equity ownership. Routine intra-group capital movement with limited impact on consolidated financials.