MAS Financial Services surges on raising Rs 50 crore through NCDs
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MAS Financial Services is currently trading at Rs. 762.85, up by 9.75 points or 1.29% from its previous closing of Rs. 753.10 on the BSE.
The scrip opened at Rs. 764.90 and has touched a high and low of Rs. 768.10 and Rs. 754.70 respectively. So far 826 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1107.65 on 18-Nov-2020 and a 52 week low of Rs. 716.00 on 24-Aug-2021.
Last one week high and low of the scrip stood at Rs. 843.00 and Rs. 750.10 respectively. The current market cap of the company is Rs. 4137.92 crore.
The promoters holding in the company stood at 73.60%, while Institutions and Non-Institutions held 11.69% and 14.71% respectively.
MAS Financial Services has raised Rs 50 crore through unsecured, rated, listed, redeemable, subordinated, taxable, transferable, non-convertible debentures (NCDs) and allotted 50 NCDs having face value of Rs 1 crore each on private placement basis. The Board of Directors of the Company at its meeting held on October 20, 2021 has approved the same.
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.
