MAS Financial Allots ₹150 Cr Non-Convertible Debentures

MAS Financial Services Limited has announced the allotment of 1,50,000 Non-Convertible Debentures (NCDs) with an aggregate nominal value of ₹150 crore. These debentures are rated 'CARE AA-/Stable' by CARE Ratings Limited. The issuance was made on a private placement basis. The NCDs have a face value of ₹10,000 each, a coupon rate of 9% per annum payable monthly, and a maturity date of December 18, 2028. This move aims to raise capital for the company's operations and growth initiatives.