Acquisitions31 March 2026 at 07:43 am
MAS Financial Services Acquires 1.20% Equity Shares in Subsidiary MAS Rural Housing & Mortgage Finance Limited for Rs. 24,99,99,969
AI Summary
MAS Financial Services Ltd. has acquired 1.20% equity shares in its subsidiary, MAS Rural Housing & Mortgage Finance Limited, through a rights issue. The acquisition, valued at Rs. 24,99,99,969, was completed on March 31, 2026. The acquired shares represent 1.20% of MRHMFL's total equity share capital. This investment will support MRHMFL's liquidity position and business expansion.
Key Highlights
- MAS Financial Services acquires 1.20% equity shares in its subsidiary, MAS Rural Housing & Mortgage Finance Limited.
- The transaction is valued at Rs. 24,99,99,969.
- The acquisition supports MRHMFL's liquidity position and business expansion.
- The transaction is done at arm's length.
- The acquisition was approved by the Audit Committee and the Board of Directors of MAS Financial Services.