MAS Financial Services Limited — QIP/Rights/Pref., 16-05-2025: Allotment of Securities

MAS Financial Services has announced a board meeting on the allotment of 10,000 senior secured non-convertible debentures (NCDs) of INR 1 lakh each for Series A (total INR 100 Cr) and 7,500 NCDs for Series B (total INR 75 Cr) via private placement. Series A offers 8.35% interest paid monthly over 18 months; Series B offers 9.25% interest paid quarterly over 24 months. This raise of INR 175 Cr through secured debt should bolster the company’s liquidity without diluting equity.