MAS Financial Services Limited — QIP/Rights/Pref., 21-03-2025: Allotment of Securities

MAS Financial Services Limited has announced a board meeting on March 21, 2025, where its Finance Committee allocated 15,000 rated, listed, senior, secured, redeemable, and non-convertible debentures with a face value of INR 1,00,000 each, totaling INR 150 crore. These debentures, rated "ACUITE AA; Stable," will be issued via private placement and are set to mature on March 21, 2029, with a floating interest rate starting at 9.80%. This move is likely to bolster the company’s capital structure, potentially enhancing investor confidence with a positive outlook as they aim to diversify funding sources while maintaining strong creditworthiness.