MAS Financial Services Ltd Acquires 1.20% Additional Stake in Subsidiary MAS Rural Housing & Mortgage Finance Ltd

MAS Financial Services Ltd has acquired an additional 1.20% stake in its subsidiary, MAS Rural Housing & Mortgage Finance Ltd. The acquisition was made through a rights issue, and the total shareholding of MAS Financial Services Ltd in MAS Rural Housing & Mortgage Finance Ltd now stands at 63.74%. The transaction is in compliance with the Companies Act, 2013 and the SEBI Listing Regulations. The company has invested approximately INR 24.99 crores in the subsidiary. The acquisition is a related party transaction, with promoters interested to the extent of their shareholding in MAS Rural Housing & Mortgage Finance Ltd. The Audit Committee and the Board of Directors of MAS Financial Services Ltd have approved the transaction.