Deals1 Jul 2025, 03:50 pm
Akme Fintrade (India) Ltd Enters Direct Assignment Transaction with MAS Financial Services Ltd for Rs. 14 Crores
AI Summary
Akme Fintrade (India) Limited has announced entering into a Direct Assignment transaction with MAS Financial Services Limited. The transaction involves the assignment of a pool principal amount of Rs. 14,12,77,515/- (Rupees Fourteen Crores Twelve Lakhs Seventy-Seven Thousand Five Hundred Fifteen only) of Two-Wheeler Loan receivables. This transaction is in line with the applicable RBI Master Directions and is part of the company's ordinary course of business.
Key Highlights
- Akme Fintrade (India) Ltd has entered into a Direct Assignment transaction with MAS Financial Services Limited
- The transaction involves a pool principal amount of Rs. 14,12,77,515/-
- The assignment is of Two-Wheeler Loan receivables
- The transaction is in accordance with applicable RBI Master Directions
- This is part of the company's ordinary course of business