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MAS Financial Services Raises INR3.60 Billion Through Debenture Allotment

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MAS Financial Services (NSE:MASFIN, BOM:540749) has raised 3.60 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis to Nederlandse FinancieringsMaatschappij voor Ontwikkelingslanden, according to a Wednesday filing to the Indian stock exchanges.

The company allotted 36,000 senior, secured, rated, listed, redeemable, transferable, non-convertible debentures denominated in Indian rupees having a face value of 100,000 rupees each.

The debentures are scheduled to mature on May 20, 2031.

The company's shares were down over 1% in recent trade.

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