01-01-1970 12:00 AM | Source: Accord Fintech
MAS Financial Services gains on raising Rs 50 crore via NCDs
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MAS Financial Services is currently trading at Rs. 493.70, up by 3.10 points or 0.63% from its previous closing of Rs. 490.60 on the BSE.

The scrip opened at Rs. 490.05 and has touched a high and low of Rs. 501.55 and Rs. 490.05 respectively. So far 226 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 905.00 on 14-Jul-2021 and a 52 week low of Rs. 469.05 on 02-Feb-2022.

Last one week high and low of the scrip stood at Rs. 509.90 and Rs. 485.00 respectively. The current market cap of the company is Rs. 2701.94 crore.

The promoters holding in the company stood at 73.64%, while Institutions and Non-Institutions held 10.99% and 15.37% respectively.

MAS Financial Services has raised Rs 50 crore via non-convertible debentures (NCDs). The meeting of the Finance Committee of the Board of Directors of the Company was held on June 22, 2022 has approved and allotted 500 rated, listed, redeemable, senior, secured, NCDs denominated in Indian Rupees, each having a face value of Rs 10,00,000 and an aggregate face value of Rs 50 crore on a private placement basis. Further, these Debentures have been rated ‘CARE A+’ by CARE Ratings.

MAS Financial Services is engaged in the business of providing Micro Enterprise loans (MEL), Small and Medium Enterprise loans (SME), Two Wheeler loans (TW), Commercial Vehicle loans (CV) and loans to NBFCs - to create the underlying assets of MEL, SME, TW and CV.