MAS Financial Services subsidiary redeems ₹3.33 Cr OCPS

MAS Financial Services Limited (MFSL) announced the redemption of 33,33,340 Optionally Convertible Preference Shares (OCPS) by its subsidiary, MAS Rural Housing and Mortgage Finance Limited (MRHMFL). The redemption amount is ₹3,33,33,334. This action is in accordance with the terms of the investment made by MFSL in MRHMFL. The redemption will not alter the equity shareholding pattern of MRHMFL, and MFSL will maintain its existing equity stake in the subsidiary. This move is part of the operational and financial management of the subsidiary.