MAS Financial Services surges on raising Rs 100 crore via NCDs
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MAS Financial Services is currently trading at Rs. 977.00, up by 15.80 points or 1.64% from its previous closing of Rs. 961.20 on the BSE.
The scrip opened at Rs. 966.80 and has touched a high and low of Rs. 984.10 and Rs. 958.70 respectively. So far 814 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 992.05 on 16-Jan-2024 and a 52 week low of Rs. 680.00 on 18-Apr-2023.
Last one week high and low of the scrip stood at Rs. 992.05 and Rs. 871.20 respectively. The current market cap of the company is Rs. 5254.12 crore.
The promoters holding in the company stood at 73.73%, while Institutions and Non-Institutions held 10.05% and 16.22% respectively.
MAS Financial Services has raised Rs 100 crore through the allotment of 10,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures (NCDs) denominated in Indian Rupees, each having a face value of Rs 1,00,000 on a private placement basis. Further, these Debentures have been rated ‘CARE A+; Positive’ (Single A Plus; Outlook: Positive) by CARE Ratings. The Finance Committee of Board of Directors of the Company at its meeting held on January 16, 2024, has approved and allotted 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.
