MAS Financial Services secures Rs 100cr through marketlinked NCDs

MAS Financial Services, an Indian financial services company, said that it has raised INR 100 crores through market-linked non-convertible debentures NCDs (marketlinked NCDs).

The company had raised the amount by issuing 1,000 rated, senior, secured, listed, transferable, redeemable, principal protected marketlinked NCDs of face value of INR 10,00,000 on a private placement basis.

According to MAS Financial Services, the allotment of 1,000 market-linked NCDs, includes a green shoe option made up of 500 Marketlinked NCDs, which was activated for retaining over-subscription.

The financial services provider stated: “The debentures are rated ‘CARE PP-MLD A+; Stable’ by CARE Ratings Limited. The market-linked NCDs will be listed on the Wholesale Debt Market segment of The BSE Limited with a tenure of 24 months and 1 day from the date of allotment.”

MAS Financial Services is a Maharashtra-based non-banking financial company that offers financial services for micro enterprises loans, SME loans, used car loans two wheeler loans, home loans, and commercial vehicle loans.